SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23,459.7% during the 1st quarter, Holdings Channel reports. The fund owned 113,322 shares of the technology company’s stock after purchasing an additional 112,841 shares during the period. Fifth Third Bancorp’s holdings in SS&C Technologies were worth $7,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Havemeyer Place LP acquired a new position in SS&C Technologies in the 4th quarter worth about $26,000. EFG International AG acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $37,000. Osterweis Capital Management Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $40,000. Finally, Private Trust Co. NA raised its stake in shares of SS&C Technologies by 36.0% during the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was 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. This represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock valued at $583,576 in the last 90 days. Company insiders own 16.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SSNC shares. Morgan Stanley decreased their price objective 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. Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Wednesday. Needham & Company LLC lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, UBS Group boosted their price objective on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

SS&C Technologies Trading Up 2.7%

Shares of 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. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07. The firm has a 50-day moving average price of $66.61 and a 200 day moving average price of $72.45. The firm has a market capitalization of $16.52 billion, a P/E ratio of 21.24 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating 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 company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

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

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.