QRG Capital Management Inc. boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 12.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 129,323 shares of the technology company’s stock after buying an additional 14,538 shares during the period. QRG Capital Management Inc.’s holdings in SS&C Technologies were worth $8,738,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of SSNC. Bank of Montreal Can lifted its position in shares of SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after buying an additional 5,012,893 shares during the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $242,846,000. Lyrical Asset Management LP bought a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $220,573,000. Alliancebernstein L.P. lifted its holdings in SS&C Technologies by 503.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after purchasing an additional 1,052,331 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in SS&C Technologies during the third quarter worth approximately $89,281,000. 96.90% of the stock is currently owned by institutional investors.
Insider Transactions at SS&C Technologies
In other news, Director Michael Jay Zamkow sold 3,000 shares of the company’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 value of $200,040.00. Following the sale, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.
Analysts Set New Price Targets
Get Our Latest Research Report on SS&C Technologies
SS&C Technologies Price Performance
Shares of SSNC stock opened at $65.52 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $91.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a fifty day moving average price of $66.98 and a 200 day moving average price of $73.74. The stock has a market cap of $15.78 billion, a P/E ratio of 20.28 and a beta of 1.11.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts predict that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current year.
SS&C Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio is 33.44%.
About SS&C Technologies
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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