California Public Employees Retirement System boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 642,765 shares of the technology company’s stock after purchasing an additional 39,478 shares during the quarter. California Public Employees Retirement System’s holdings in SS&C Technologies were worth $26,019,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in SSNC. Advisor Group Inc. lifted its position in shares of SS&C Technologies by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after acquiring an additional 348 shares during the period. QS Investors LLC lifted its position in shares of SS&C Technologies by 165.7% in the 2nd quarter. QS Investors LLC now owns 4,810 shares of the technology company’s stock worth $185,000 after acquiring an additional 3,000 shares during the period. Achmea Investment Management B.V. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $247,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $268,000. Finally, PEAK6 Investments L.P. lifted its position in shares of SS&C Technologies by 177.1% in the 3rd quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock worth $277,000 after acquiring an additional 15,875 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.
In other news, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total value of $807,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 60,000 shares of company stock valued at $2,616,200. 17.60% of the stock is currently owned by insiders.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at $50.00 on Tuesday. SS&C Technologies Holdings, Inc. has a twelve month low of $33.06 and a twelve month high of $51.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10,290.00, a P/E ratio of 43.86, a PEG ratio of 1.57 and a beta of 1.32.
SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 15th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. SS&C Technologies had a return on equity of 15.81% and a net margin of 19.63%. The business had revenue of $439.40 million during the quarter, compared to analysts’ expectations of $433.44 million. During the same period in the prior year, the firm posted $0.46 EPS. SS&C Technologies’s quarterly revenue was up 8.6% compared to the same quarter last year. research analysts predict that SS&C Technologies Holdings, Inc. will post 2.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.56%. SS&C Technologies’s payout ratio is presently 24.56%.
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SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.
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