Jonathan Michael Sells 2,740 Shares of SS&C Technologies (NASDAQ:SSNC) Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Jonathan Michael sold 2,740 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

SS&C Technologies Stock Up 0.1%

Shares of NASDAQ:SSNC opened at $67.04 on Friday. The firm has a market cap of $16.15 billion, a P/E ratio of 20.76 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 12-month low of $64.51 and a 12-month high of $91.07. The business has a fifty day simple moving average of $68.90 and a 200 day simple moving average of $77.66.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.SS&C Technologies’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current year.

SS&C Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

SSNC has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Needham & Company LLC cut their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group cut their target price on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $96.13.

Institutional Investors Weigh In On SS&C Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Ritter Alpha LP acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at about $261,000. Groupama Asset Managment grew its stake in shares of SS&C Technologies by 16.8% in the 1st quarter. Groupama Asset Managment now owns 14,809 shares of the technology company’s stock valued at $1,001,000 after buying an additional 2,131 shares during the period. FinArc Investments Inc. acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at about $2,639,000. Western Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at about $928,000. Finally, Turtle Creek Asset Management Inc. grew its stake in shares of SS&C Technologies by 43.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,156,014 shares of the technology company’s stock valued at $78,112,000 after buying an additional 347,465 shares during the period. Institutional investors own 96.90% 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.