431,175 Shares in SS&C Technologies Holdings, Inc. $SSNC Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) during the second quarter, HoldingsChannel.com reports. The fund bought 431,175 shares of the technology company’s stock, valued at approximately $26,754,000.

Several other institutional investors have also recently bought and sold shares of the company. Havemeyer Place LP acquired a new position in SS&C Technologies during the 4th quarter worth approximately $26,000. EFG International AG acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $40,000. Fifth Third Bancorp lifted its position in shares of SS&C Technologies by 216.4% in 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 in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of SS&C Technologies by 66.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 500 shares of the technology company’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies 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 owned 18,404 shares in the company, valued at $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies 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 transaction, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SSNC shares. Royal Bank Of Canada raised their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. UBS Group reissued a “buy” rating and set a $99.00 price target on shares of SS&C Technologies in a research report on Thursday. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Jefferies Financial Group decreased their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.25.

Check Out Our Latest Research Report on SSNC

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $81.50 on Monday. The stock has a market capitalization of $19.12 billion, a PE ratio of 23.42 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07. The firm has a fifty day simple moving average of $70.48 and a 200 day simple moving average of $70.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. 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. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. SS&C Technologies’s payout ratio is currently 31.03%.

SS&C Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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