BI Asset Management Fondsmaeglerselskab A S Purchases 9,445 Shares of SS&C Technologies Holdings, Inc. $SSNC

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 86.8% during the first quarter, Holdings Channel reports. The institutional investor owned 20,323 shares of the technology company’s stock after purchasing an additional 9,445 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in SS&C Technologies were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Havemeyer Place LP bought a new position in SS&C Technologies during the fourth quarter worth about $26,000. EFG International AG bought a new position in SS&C Technologies in the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in SS&C Technologies in the 4th quarter worth approximately $37,000. Osterweis Capital Management Inc. purchased a new position in SS&C Technologies in the 2nd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp raised its holdings in SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after acquiring an additional 329 shares during the period. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $65.95 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $68.02 and a 200-day moving average of $74.79. The firm has a market cap of $15.88 billion, a P/E ratio of 20.42 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a 1-year low of $64.37 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $1.44 EPS. SS&C Technologies’s quarterly revenue was up 8.8% compared to the same quarter last year. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.44%.

Analysts Set New Price Targets

Several brokerages have commented on SSNC. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. DA Davidson reissued a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a report on Monday, April 27th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Jefferies Financial Group decreased their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Morgan Stanley decreased 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 note on Friday, April 24th. One 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 has an average rating of “Moderate Buy” and an average price target of $96.12.

Insider Buying and Selling at SS&C Technologies

In other news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s 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 transaction, the director owned 18,404 shares in the company, valued at $1,227,178.72. This represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is currently owned by company insiders.

SS&C Technologies 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.