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

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

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $67.04 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $16.15 billion, a PE ratio of 20.76 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a twelve month low of $64.51 and a twelve month high of $91.07. The company has a 50-day moving average price of $68.90 and a two-hundred day moving average price of $77.66.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Argent Trust Co lifted its holdings in shares of SS&C Technologies by 0.8% in the third quarter. Argent Trust Co now owns 15,914 shares of the technology company’s stock worth $1,413,000 after buying an additional 126 shares in the last quarter. AXA S.A. lifted its holdings in shares of SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after buying an additional 130 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of SS&C Technologies by 36.0% in the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after buying an additional 133 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of SS&C Technologies by 3.9% in the fourth quarter. Signaturefd LLC now owns 3,785 shares of the technology company’s stock worth $331,000 after buying an additional 141 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of SS&C Technologies by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock worth $1,510,000 after buying an additional 142 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSNC has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Monday, April 27th. Jefferies Financial Group cut their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, UBS Group increased 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. One 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.13.

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.