SS&C Technologies Holdings, Inc. (SSNC) is Turtle Creek Asset Management Inc.’s 6th Largest Position

Turtle Creek Asset Management Inc. lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,858,300 shares of the technology company’s stock after selling 60,800 shares during the quarter. SS&C Technologies comprises 7.4% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Turtle Creek Asset Management Inc. owned 0.90% of SS&C Technologies worth $74,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SSNC. Janus Henderson Group PLC raised its stake in SS&C Technologies by 5,137.5% during the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock valued at $772,938,000 after purchasing an additional 19,739,127 shares during the period. Vanguard Group Inc. raised its stake in SS&C Technologies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock valued at $529,806,000 after purchasing an additional 343,969 shares during the period. BlackRock Inc. raised its stake in SS&C Technologies by 4.5% during the 2nd quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock valued at $330,563,000 after purchasing an additional 373,193 shares during the period. State Street Corp raised its stake in SS&C Technologies by 20.9% during the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after purchasing an additional 521,727 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in SS&C Technologies by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,381,112 shares of the technology company’s stock valued at $91,459,000 after purchasing an additional 199,564 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

SSNC has been the subject of several research analyst reports. Zacks Investment Research cut SS&C Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Morgan Stanley raised their price target on SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, November 21st. Jefferies Group restated a “buy” rating on shares of SS&C Technologies in a report on Tuesday, October 3rd. Finally, Citigroup upgraded SS&C Technologies to a “strong-buy” rating and raised their price target for the company from $43.00 to $46.00 in a report on Tuesday, November 21st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. SS&C Technologies presently has a consensus rating of “Buy” and an average target price of $42.50.

SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at $40.65 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $42.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $8,333.24, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.54 and a beta of 1.08.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The company had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. During the same quarter in the previous year, the business earned $0.42 EPS. SS&C Technologies’s revenue was up 7.1% compared to the same quarter last year. equities analysts expect that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is presently 26.67%.

In other news, CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.38, for a total value of $1,211,400.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,211,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.69, for a total value of $813,800.00. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $712,075. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,000 shares of company stock valued at $2,818,200. 17.60% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.com-unik.info/2017/12/06/ssc-technologies-holdings-inc-ssnc-is-turtle-creek-asset-management-inc-s-6th-largest-position.html.

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.

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC).

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

What are top analysts saying about SS&C Technologies Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SS&C Technologies Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit