LSV Asset Management reduced its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 4.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 282,000 shares of the technology company’s stock after selling 12,600 shares during the period. LSV Asset Management’s holdings in SS&C Technologies were worth $24,652,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of SSNC. Alliancebernstein L.P. raised its position in SS&C Technologies by 503.0% in the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock valued at $111,976,000 after purchasing an additional 1,052,331 shares during the last quarter. Junto Capital Management LP bought a new position in shares of SS&C Technologies during the third quarter worth about $89,281,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of SS&C Technologies during the third quarter worth about $64,795,000. First Trust Advisors LP raised its position in shares of SS&C Technologies by 114.2% during the third quarter. First Trust Advisors LP now owns 772,290 shares of the technology company’s stock worth $68,548,000 after acquiring an additional 411,717 shares during the last quarter. Finally, Amundi raised its position in shares of SS&C Technologies by 129.8% during the third quarter. Amundi now owns 616,219 shares of the technology company’s stock worth $53,808,000 after acquiring an additional 348,092 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SSNC. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. DA Davidson restated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, April 27th. Morgan Stanley lowered their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Needham & Company LLC lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, UBS Group raised their price objective on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $96.13.
SS&C Technologies Stock Performance
NASDAQ SSNC opened at $67.04 on Monday. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 20.76 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 52 week low of $64.51 and a 52 week high of $91.07. The business has a 50 day moving average price of $68.90 and a 200-day moving average price of $77.61. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is currently 33.44%.
Insider Activity at SS&C Technologies
In other news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the sale, the director owned 18,404 shares in the company, valued at $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,740 shares of company stock valued at $583,576. Corporate insiders own 16.00% of the company’s stock.
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
See Also
- Five stocks we like better than SS&C Technologies
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
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 – Free Report).
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
