Hillsdale Investment Management Inc. Raises Holdings in SS&C Technologies Holdings, Inc. $SSNC

Hillsdale Investment Management Inc. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4,695.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,030 shares of the technology company’s stock after buying an additional 10,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in SS&C Technologies were worth $964,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Pension Service raised its holdings in SS&C Technologies by 14.3% in the 4th quarter. National Pension Service now owns 213,588 shares of the technology company’s stock worth $18,672,000 after purchasing an additional 26,764 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in SS&C Technologies in the 4th quarter worth about $12,405,000. Intech Investment Management LLC raised its holdings in SS&C Technologies by 48.2% in the 4th quarter. Intech Investment Management LLC now owns 13,333 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 4,334 shares during the period. AlphaQuest LLC raised its holdings in SS&C Technologies by 1,093.7% in the 4th quarter. AlphaQuest LLC now owns 46,566 shares of the technology company’s stock worth $4,071,000 after purchasing an additional 42,665 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in SS&C Technologies by 19.1% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,484 shares of the technology company’s stock worth $305,000 after purchasing an additional 559 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. 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 transaction of $183,196.40. Following the completion of the sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the sale, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reduced their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. DA Davidson reissued a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, April 27th. UBS Group increased their target price on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Needham & Company LLC reduced their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.13.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $69.08 on Tuesday. SS&C Technologies Holdings, Inc. has a one year low of $64.51 and a one year high of $91.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $16.64 billion, a PE ratio of 21.39 and a beta of 1.09. The stock has a 50 day moving average price of $68.32 and a 200 day moving average price of $76.85.

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

SS&C Technologies Dividend Announcement

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

SS&C Technologies 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.