Marks Group Wealth Management Inc Trims Holdings in SS&C Technologies Holdings, Inc. $SSNC

Marks Group Wealth Management Inc decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,138 shares of the technology company’s stock after selling 11,224 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $7,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Havemeyer Place LP purchased a new stake in SS&C Technologies during the 4th quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at $37,000. Osterweis Capital Management Inc. purchased a new position in SS&C Technologies during the 2nd quarter worth $40,000. Fifth Third Bancorp raised its position in SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after buying an additional 329 shares during the last quarter. Finally, Private Trust Co. NA raised its position in SS&C Technologies by 36.0% during the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after buying an additional 133 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of 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. 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. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group boosted their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

Insider Transactions at SS&C Technologies

In other news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. This trade represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,740 shares of company stock valued at $583,576 in the last quarter. Insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $68.20 on Tuesday. The firm’s fifty day simple moving average is $68.30 and its 200-day simple moving average is $76.35. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $16.42 billion, a PE ratio of 21.11 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.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

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.