First Trust Advisors LP Trims Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

First Trust Advisors LP lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.0% in the second quarter, HoldingsChannel reports. The firm owned 360,573 shares of the technology company’s stock after selling 27,111 shares during the quarter. First Trust Advisors LP’s holdings in SS&C Technologies were worth $29,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of SS&C Technologies by 1.5% during the 1st quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company’s stock worth $120,914,000 after purchasing an additional 21,252 shares during the period. North Star Asset Management Inc. increased its stake in SS&C Technologies by 1.0% in the second quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock valued at $50,627,000 after purchasing an additional 6,199 shares during the last quarter. Vanguard Group Inc. increased its stake in SS&C Technologies by 0.8% in the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock valued at $1,702,971,000 after purchasing an additional 165,821 shares during the last quarter. DNB Asset Management AS lifted its position in SS&C Technologies by 7.3% during the second quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock worth $3,983,000 after buying an additional 3,269 shares during the period. Finally, Eaton Financial Holdings Company LLC purchased a new stake in SS&C Technologies in the 2nd quarter valued at about $2,828,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $85.96 on Thursday. The firm has a fifty day moving average of $84.48 and a 200-day moving average of $84.74. SS&C Technologies Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $91.07. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $20.98 billion, a P/E ratio of 25.51 and a beta of 1.20.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.27 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. SS&C Technologies’s dividend payout ratio (DPR) is 32.05%.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the sale, the director directly owned 386,924 shares in the company, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

SSNC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Morgan Stanley increased their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Royal Bank Of Canada boosted their price objective on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Jefferies Financial Group upped their price objective on SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, UBS Group lifted their target price on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.