Manning & Napier Advisors LLC boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 75.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 90,329 shares of the technology company’s stock after buying an additional 38,968 shares during the period. Manning & Napier Advisors LLC’s holdings in SS&C Technologies were worth $6,104,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Havemeyer Place LP acquired a new stake in shares of SS&C Technologies during the 4th quarter valued at approximately $26,000. EFG International AG acquired a new position in SS&C Technologies in the fourth quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in SS&C Technologies in the fourth quarter worth $37,000. Osterweis Capital Management Inc. bought a new stake in SS&C Technologies during the second quarter valued at $40,000. Finally, Fifth Third Bancorp raised its holdings in shares of SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.
Insider Activity
In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction 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 transaction, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by insiders.
SS&C Technologies Stock Performance
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. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. 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. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.
SS&C Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s payout ratio is presently 33.44%.
Analyst Ratings Changes
A number of research firms have recently issued reports on SSNC. UBS Group raised their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Needham & Company LLC cut their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Morgan Stanley decreased their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.
View Our Latest Analysis on SS&C Technologies
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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