Wedge Capital Management L L P NC Acquires 423,394 Shares of SS&C Technologies Holdings, Inc. $SSNC

Wedge Capital Management L L P NC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 51.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,250,235 shares of the technology company’s stock after acquiring an additional 423,394 shares during the quarter. SS&C Technologies makes up about 1.3% of Wedge Capital Management L L P NC’s portfolio, making the stock its 15th biggest holding. Wedge Capital Management L L P NC’s holdings in SS&C Technologies were worth $77,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SSNC. Havemeyer Place LP bought a new position in shares of SS&C Technologies during the fourth quarter worth approximately $26,000. EFG International AG bought a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in SS&C Technologies during the fourth quarter worth approximately $37,000. Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies during the second quarter worth approximately $40,000. Finally, Fifth Third Bancorp increased its stake in SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after acquiring an additional 329 shares during the period. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 0.1%

Shares of NASDAQ SSNC opened at $79.85 on Wednesday. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 22.95 and a beta of 1.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $91.07. The stock has a 50-day moving average price of $69.75 and a two-hundred day moving average price of $70.88.

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

SS&C Technologies Announces Dividend

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

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 in the company, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SSNC shares. JPMorgan Chase & Co. cut their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley decreased their target price on shares of 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 upped their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.