GMT Capital Corp Cuts Stake in SS&C Technologies Holdings, Inc. $SSNC

GMT Capital Corp cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 703,400 shares of the technology company’s stock after selling 75,600 shares during the quarter. SS&C Technologies accounts for about 3.2% of GMT Capital Corp’s investment portfolio, making the stock its 11th biggest holding. GMT Capital Corp’s holdings in SS&C Technologies were worth $61,491,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of SS&C Technologies by 199.3% during the fourth quarter. Barclays PLC now owns 372,551 shares of the technology company’s stock valued at $32,568,000 after buying an additional 248,069 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of SS&C Technologies by 36.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,614 shares of the technology company’s stock valued at $141,000 after buying an additional 435 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of SS&C Technologies by 16.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,334 shares of the technology company’s stock valued at $117,000 after buying an additional 186 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at $2,032,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of SS&C Technologies by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,581 shares of the technology company’s stock valued at $1,799,000 after buying an additional 497 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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 dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares in the company, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,740 shares of company stock valued at $583,576. Insiders own 16.00% of the company’s stock.

SS&C Technologies Trading Down 0.1%

Shares of SS&C Technologies stock opened at $67.68 on Friday. The firm has a 50-day simple moving average of $68.40 and a two-hundred day simple moving average of $75.97. The company has a market cap of $16.30 billion, a P/E ratio of 20.95 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a fifty-two week low of $64.51 and a fifty-two 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.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The business 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 was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.27 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s dividend payout ratio is 33.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SSNC shares. DA Davidson reissued a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a report on Monday, April 27th. UBS Group boosted their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC dropped their price objective 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 dropped their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.13.

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.