QRG Capital Management Inc. Sells 70,794 Shares of SS&C Technologies Holdings, Inc. $SSNC

QRG Capital Management Inc. trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 39.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,314 shares of the technology company’s stock after selling 70,794 shares during the quarter. QRG Capital Management Inc.’s holdings in SS&C Technologies were worth $9,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caldwell Trust Co acquired a new position in shares of SS&C Technologies during the 2nd quarter worth about $27,000. Quent Capital LLC bought a new position in SS&C Technologies in the 3rd quarter worth approximately $39,000. Osterweis Capital Management Inc. acquired a new position in shares of SS&C Technologies during the second quarter worth approximately $40,000. Salem Investment Counselors Inc. boosted its position in shares of SS&C Technologies by 71.7% in the third quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock valued at $55,000 after acquiring an additional 261 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in shares of SS&C Technologies in the third quarter worth $60,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the subject of a number of research reports. Raymond James Financial increased their price target on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Morgan Stanley increased their target price on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. UBS Group upped their price target on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.

Insider Buying and Selling

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the sale, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Trading Down 0.3%

Shares of SSNC opened at $85.78 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94. The stock has a market cap of $20.93 billion, a PE ratio of 25.45 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $91.07. The stock has a 50 day simple moving average of $86.40 and a 200-day simple moving average of $86.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 32.05%.

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.