GSA Capital Partners LLP purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,243 shares of the technology company’s stock, valued at approximately $1,380,000.
Several other large investors also recently made changes to their positions in the business. Havemeyer Place LP purchased a new stake in SS&C Technologies during the fourth quarter valued at about $26,000. EFG International AG purchased a new position in shares of SS&C Technologies in the fourth quarter worth approximately $29,000. Osterweis Capital Management Inc. acquired a new stake in shares of SS&C Technologies during the second quarter valued at approximately $40,000. Fifth Third Bancorp raised its holdings in shares of SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after acquiring an additional 329 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of SS&C Technologies by 66.7% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 500 shares of the technology company’s stock valued at $44,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on SSNC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. Jefferies Financial Group dropped their price target on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. DA Davidson reissued a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of SS&C Technologies in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.25.
Insider Activity at SS&C Technologies
In related news, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction 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 sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the company’s 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 completion of the sale, the director owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,740 shares of company stock worth $583,576. Corporate insiders own 16.00% of the company’s stock.
SS&C Technologies Price Performance
Shares of SSNC opened at $81.50 on Monday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The firm has a market capitalization of $19.12 billion, a P/E ratio of 23.42 and a beta of 1.07. The company has a 50-day simple moving average of $70.48 and a 200-day simple moving average of $70.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. 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 research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.
SS&C Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s payout ratio is presently 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.
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