Marks Group Wealth Management Inc Has $5.48 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

Marks Group Wealth Management Inc decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 81,114 shares of the technology company’s stock after selling 10,024 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $5,481,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SSNC. AXA S.A. grew its position in SS&C Technologies by 1.4% during 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 increased its stake in SS&C Technologies by 36.0% during the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock valued at $44,000 after acquiring an additional 133 shares during the period. Signaturefd LLC raised its holdings in SS&C Technologies by 3.9% in the 4th quarter. Signaturefd LLC now owns 3,785 shares of the technology company’s stock valued at $331,000 after acquiring an additional 141 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in SS&C Technologies by 0.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after acquiring an additional 142 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of SS&C Technologies by 6.9% in the 3rd quarter. Allworth Financial LP now owns 2,312 shares of the technology company’s stock worth $205,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SSNC. Morgan Stanley decreased 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. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group raised their target price on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group decreased their price target on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, DA Davidson restated a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the 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 transaction, the director directly owned 79,384 shares in the company, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $200,040.00. Following the transaction, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,740 shares of company stock valued at $583,576 over the last quarter. Corporate insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Up 2.7%

NASDAQ SSNC opened at $68.59 on Thursday. 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’s 50 day moving average is $66.61 and its two-hundred day moving average is $72.45. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 21.24 and a beta of 1.11. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm posted $1.44 EPS. SS&C Technologies’s quarterly revenue was up 8.8% compared to the same quarter last year. 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 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is 33.44%.

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.