Wedge Capital Management L L P NC Has $77.58 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Wedge Capital Management L L P NC raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 51.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,250,235 shares of the technology company’s stock after buying an additional 423,394 shares during the quarter. SS&C Technologies comprises 1.3% of Wedge Capital Management L L P NC’s portfolio, making the stock its 15th biggest position. Wedge Capital Management L L P NC owned 0.52% of SS&C Technologies worth $77,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in SS&C Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares during the period. Pzena Investment Management LLC grew its holdings in shares of SS&C Technologies by 1.4% in the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after buying an additional 137,691 shares during the period. State Street Corp increased its position in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after buying an additional 125,580 shares in the last quarter. Bank of Montreal Can raised its stake in SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after buying an additional 5,012,893 shares during the period. Finally, Swedbank AB lifted its holdings in SS&C Technologies by 15.0% during the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after acquiring an additional 563,196 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SSNC shares. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley decreased their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. UBS Group boosted their target price on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada upped their price target on SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the sale, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock worth $583,576 in the last ninety days. Insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Up 0.1%

Shares of SSNC stock opened at $79.85 on Wednesday. The firm’s fifty day moving average price is $69.75 and its two-hundred day moving average price is $70.88. 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 1 year low of $61.40 and a 1 year high of $91.07. The firm has a market capitalization of $18.74 billion, a P/E ratio of 22.95 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 EPS 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

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.