SCHEDULE 13G/A: BlackRock Amends Passive Stake in SS&C Technologies, Reports 4.6% Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 4.6% passive beneficial ownership stake in SS&C Technologies Holdings Inc. as of January 31, 2025.
Summary
- BlackRock, Inc. filed Amendment No. 5 to its Schedule 13G regarding its beneficial ownership in SS&C Technologies Holdings Inc.
- As of January 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 11,512,511 shares of SS&C Technologies Holdings Inc. common stock.
- This ownership represents 4.6% of the total outstanding common stock of SS&C Technologies Holdings Inc.
- BlackRock holds sole voting power over 10,347,809 shares and sole dispositive power over 11,512,511 shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- BlackRock, Inc. is filing as a parent holding company, with various subsidiaries holding the reported securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive ownership, which is neutral in sentiment. It provides factual information without indicating positive or negative developments for the issuer or the investor.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large institutional asset manager, BlackRock, indicating its passive investment in SS&C Technologies, a financial technology company. Such filings are common for major asset managers who hold diversified portfolios and cross the reporting thresholds. It reflects BlackRock's ongoing portfolio management activities rather than a specific strategic move related to SS&C Technologies' industry position.
Comparison to Industry Standards
- This is a standard Schedule 13G filing, which is a regulatory requirement for institutional investors holding between 5% and 20% of a company's shares with a passive intent, or less than 5% if they previously filed a 13D.
- BlackRock's 4.6% stake is below the 5% threshold for initial 13D filing, and this is an amendment to a 13G, confirming its passive nature.
- There are no specific comparable companies, projects, or results mentioned in the document to assess against industry standards.
Stakeholder Impact
- This filing primarily impacts shareholders of SS&C Technologies by providing transparency on a significant institutional holder's passive stake.
- It confirms BlackRock's continued investment interest without implying any active role in the company's operations or strategy.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previously revoked Power of Attorney by BlackRock, Inc. |
| 2025-01-21 | Date of execution of the new Power of Attorney by BlackRock, Inc. |
| 2025-01-31 | Date of event which requires filing of this statement (measurement date for ownership). |
| 2025-02-07 | Date of filing of the Schedule 13G by BlackRock, Inc. |
Keywords
BlackRock, SS&C Technologies Holdings Inc, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment, Asset Management
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