BlackRock Amends SS&C Tech Holdings Stake, Maintains Passive Position
Ticker: SSNC · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still holds a big chunk of SS&C Technologies, signaling continued confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of SS&C Technologies Holdings Inc. common stock as of December 31, 2023. This filing, an amendment number 3, shows BlackRock's continued significant passive investment in SS&C Technologies. This matters to investors because BlackRock, a major institutional investor, maintains a substantial stake, signaling its ongoing confidence in the company's long-term prospects, which can influence other investors' perceptions.
Why It Matters
This filing confirms BlackRock's continued significant ownership in SS&C Technologies, providing a vote of confidence from a major institutional investor. It suggests that BlackRock sees long-term value in SS&C, which can reassure current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued passive stake in SS&C Technologies, which suggests stability in institutional ownership. While not a direct buy signal, it indicates a lack of significant negative sentiment from a major holder. Monitor future filings for any changes in BlackRock's ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- SS&C Technologies Holdings Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
- 78467J100 (other) — the CUSIP number for SS&C Technologies Holdings Inc. common stock
FAQ
What type of filing is this and what does 'Amendment No: 3' signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. 'Amendment No: 3' indicates that this is the third revision or update to BlackRock Inc.'s original Schedule 13G filing regarding its ownership in SS&C Technologies Holdings Inc.
Who is the reporting person in this filing?
The reporting person, as stated in the filing, is BlackRock, Inc., a major institutional investment manager.
What is the subject company whose securities are being reported?
The subject company is SS&C Technologies Holdings Inc., identified by its CUSIP Number 78467J100 and its business address at 80 Lamberton Rd, Windsor, CT 06095.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position as of the end of the last calendar year.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
From the Filing
EDGAR Filing Documents for 0001086364-24-002743 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002743 Filing Date 2024-01-24 Accepted 2024-01-24 17:23:56 Documents 1 Document Format Files Seq Description Document Type Size 1 us78467j1007_012424.txt SC 13G/A 12064 Complete submission text file 0001086364-24-002743.txt 13842 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 80 LAMBERTON RD WINDSOR CT 06095 Business Address 80 LAMBERTON RD WINDSOR CT 06095 860-298-4500 SS&C Technologies Holdings Inc (Subject) CIK : 0001402436 (see all company filings) EIN. : 710987913 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-86030 | Film No.: 24557826 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)