California State Teachers Retirement System Sells 11,952 Shares of SS&C Technologies Holdings, Inc. $SSNC

California State Teachers Retirement System lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,563 shares of the technology company’s stock after selling 11,952 shares during the period. California State Teachers Retirement System owned approximately 0.18% of SS&C Technologies worth $29,904,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after acquiring an additional 137,301 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SS&C Technologies by 6,069.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in SS&C Technologies by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after purchasing an additional 97,247 shares in the last quarter. Focus Partners Wealth boosted its stake in SS&C Technologies by 35.1% in the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Invesco Ltd. grew its position in SS&C Technologies by 17.9% during the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after purchasing an additional 86,606 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SSNC shares. UBS Group raised their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Morgan Stanley decreased their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. One research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.25.

SS&C Technologies Trading Down 0.2%

Shares of NASDAQ:SSNC opened at $77.05 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a market cap of $18.56 billion, a P/E ratio of 22.14 and a beta of 1.11. The stock’s fifty day moving average price is $67.99 and its 200-day moving average price is $71.25.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $1.45 EPS. SS&C Technologies’s revenue for the quarter was up 10.3% on a year-over-year basis. 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. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies’s payout ratio is currently 31.03%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s 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 transaction, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock valued at $583,576 over the last quarter. Company insiders own 16.00% of the company’s stock.

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.