Royal Bank of Canada Sells 96,979 Shares of SS&C Technologies Holdings, Inc. $SSNC

Royal Bank of Canada reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,396 shares of the technology company’s stock after selling 96,979 shares during the period. Royal Bank of Canada’s holdings in SS&C Technologies were worth $10,702,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Havemeyer Place LP purchased a new stake in shares of SS&C Technologies in the fourth quarter worth $26,000. EFG International AG purchased a new position in SS&C Technologies during the fourth quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in SS&C Technologies during the fourth quarter worth about $37,000. Osterweis Capital Management Inc. bought a new position in SS&C Technologies in the 2nd quarter worth about $40,000. Finally, Fifth Third Bancorp raised its holdings in shares of SS&C Technologies by 216.4% in 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 in the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

SSNC opened at $79.23 on Friday. The stock has a 50-day moving average price of $69.30 and a 200-day moving average price of $71.04. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $18.59 billion, a P/E ratio of 22.77 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.SS&C Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. 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. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.03%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. DA Davidson restated a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of SS&C Technologies in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the transaction, the director owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,740 shares of company stock worth $583,576 over the last three months. 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.