Integrated Investment Consultants LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 59.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,194 shares of the technology company’s stock after selling 9,260 shares during the period. Integrated Investment Consultants LLC’s holdings in SS&C Technologies were worth $419,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in SS&C Technologies by 5.0% during the first quarter. Glenmede Trust Co. NA now owns 193,995 shares of the technology company’s stock worth $13,108,000 after purchasing an additional 9,202 shares during the period. Ritter Alpha LP purchased a new position in shares of SS&C Technologies in the first quarter valued at approximately $261,000. Groupama Asset Managment boosted its stake in shares of SS&C Technologies by 16.8% in the first quarter. Groupama Asset Managment now owns 14,809 shares of the technology company’s stock valued at $1,001,000 after purchasing an additional 2,131 shares during the period. FinArc Investments Inc. acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $2,639,000. Finally, Western Wealth Management LLC purchased a new stake in SS&C Technologies during the 1st quarter worth approximately $928,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by company insiders.
SS&C Technologies Stock Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 EPS. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. Analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.
SS&C Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s payout ratio is currently 31.03%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on SSNC shares. UBS Group increased their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. Morgan Stanley reduced their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. Finally, Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $93.25.
Check Out Our Latest Stock Analysis on SSNC
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.
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