Mackenzie Financial Corp Sells 66,679 Shares of SS&C Technologies Holdings, Inc. $SSNC

Mackenzie Financial Corp reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,042,300 shares of the technology company’s stock after selling 66,679 shares during the quarter. Mackenzie Financial Corp’s holdings in SS&C Technologies were worth $86,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of SS&C Technologies by 1.5% during the first quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company’s stock worth $120,914,000 after purchasing an additional 21,252 shares during the period. Eaton Financial Holdings Company LLC acquired a new position in SS&C Technologies in the 2nd quarter valued at $2,828,000. DNB Asset Management AS grew its holdings in SS&C Technologies by 7.3% in the 2nd quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock valued at $3,983,000 after buying an additional 3,269 shares in the last quarter. Nordea Investment Management AB increased its position in SS&C Technologies by 54.1% during the 2nd quarter. Nordea Investment Management AB now owns 484,979 shares of the technology company’s stock worth $39,962,000 after buying an additional 170,235 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of SS&C Technologies by 1,070.5% during the first quarter. Inspire Investing LLC now owns 39,832 shares of the technology company’s stock worth $3,327,000 after buying an additional 36,429 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the sale, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.40% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $85.93 on Friday. The firm has a 50 day moving average of $84.73 and a 200-day moving average of $84.34. The stock has a market capitalization of $20.97 billion, a PE ratio of 25.50 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results 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. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.27 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. SS&C Technologies’s dividend payout ratio (DPR) is presently 32.05%.

Analyst Ratings Changes

Several equities analysts recently commented on SSNC shares. UBS Group upped their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Jefferies Financial Group boosted their price objective on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Morgan Stanley increased their target price on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $101.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.