Turtle Creek Asset Management Inc. Increases Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Turtle Creek Asset Management Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 43.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,156,014 shares of the technology company’s stock after buying an additional 347,465 shares during the quarter. SS&C Technologies makes up 2.9% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 17th largest holding. Turtle Creek Asset Management Inc.’s holdings in SS&C Technologies were worth $78,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in SS&C Technologies by 218.1% in the first quarter. NewEdge Advisors LLC now owns 32,182 shares of the technology company’s stock valued at $2,175,000 after buying an additional 22,065 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of SS&C Technologies during the 1st quarter worth about $244,000. Arkadios Wealth Advisors boosted its stake in shares of SS&C Technologies by 80.0% during the 1st quarter. Arkadios Wealth Advisors now owns 25,978 shares of the technology company’s stock worth $1,755,000 after acquiring an additional 11,548 shares in the last quarter. Amundi grew its position in shares of SS&C Technologies by 51.8% during the 1st quarter. Amundi now owns 1,816,353 shares of the technology company’s stock valued at $122,731,000 after acquiring an additional 619,487 shares during the period. Finally, Empowered Funds LLC grew its position in shares of SS&C Technologies by 530.6% during the 1st quarter. Empowered Funds LLC now owns 81,303 shares of the technology company’s stock valued at $5,494,000 after acquiring an additional 68,410 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SSNC. JPMorgan Chase & Co. reduced their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Morgan Stanley dropped their price objective on 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. 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 report on Friday, April 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

SS&C Technologies Trading Up 0.5%

SSNC stock opened at $78.31 on Thursday. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07. The business’s 50-day moving average is $67.59 and its 200 day moving average is $71.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 22.50 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. 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. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies 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 transaction of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is currently owned by corporate insiders.

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.