Weiss Asset Management LP Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Weiss Asset Management LP purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 58,022 shares of the technology company’s stock, valued at approximately $3,921,000.

A number of other large investors also recently modified their holdings of SSNC. OMERS ADMINISTRATION Corp increased its position in SS&C Technologies by 14.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 37,700 shares of the technology company’s stock worth $2,547,000 after acquiring an additional 4,834 shares during the period. Callodine Capital Management LP raised its stake in SS&C Technologies by 89.4% during the 1st quarter. Callodine Capital Management LP now owns 449,401 shares of the technology company’s stock valued at $30,366,000 after purchasing an additional 212,148 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in SS&C Technologies by 23.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 148,755 shares of the technology company’s stock valued at $10,051,000 after purchasing an additional 28,219 shares during the period. Entropy Technologies LP bought a new stake in SS&C Technologies in the 1st quarter valued at $2,803,000. Finally, Sunriver Management LLC grew its position in SS&C Technologies by 26.5% in the 1st quarter. Sunriver Management LLC now owns 797,849 shares of the technology company’s stock worth $53,911,000 after purchasing an additional 166,970 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Key SS&C Technologies News

Here are the key news stories impacting SS&C Technologies this week:

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $73.88 on Monday. SS&C Technologies Holdings, Inc. has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The business has a fifty day moving average of $66.98 and a two-hundred day moving average of $71.53. The stock has a market cap of $17.79 billion, a PE ratio of 21.23 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The business 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 21.02%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 31.03%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SSNC. Royal Bank Of Canada upped their price target on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. decreased their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Morgan Stanley lowered 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 report on Friday, April 24th. UBS Group upped their target price on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Get Our Latest Research Report on SSNC

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred 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 sale, the director directly owned 79,384 shares in the company, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is currently owned by corporate insiders.

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.

See Also

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:SSNCFree Report).

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

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