Anchor Capital Advisors LLC Sells 11,724 Shares of SS&C Technologies Holdings, Inc. $SSNC

Anchor Capital Advisors LLC decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 407,864 shares of the technology company’s stock after selling 11,724 shares during the period. Anchor Capital Advisors LLC’s holdings in SS&C Technologies were worth $36,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 worth $1,702,971,000 after purchasing an additional 165,821 shares during the last quarter. Pzena Investment Management LLC grew its holdings in SS&C Technologies by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 10,460,579 shares of the technology company’s stock worth $866,136,000 after acquiring an additional 37,134 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in SS&C Technologies by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 5,239,571 shares of the technology company’s stock worth $433,836,000 after buying an additional 53,264 shares during the period. Geode Capital Management LLC grew its position in shares of SS&C Technologies by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,715,723 shares of the technology company’s stock worth $306,639,000 after buying an additional 14,789 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of SS&C Technologies by 8.5% during the 3rd quarter. Swedbank AB now owns 3,710,333 shares of the technology company’s stock valued at $329,329,000 after purchasing an additional 290,679 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. UBS Group lifted their price target on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Raymond James Financial increased their price objective on SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Needham & Company LLC boosted their target price on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group upped their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies Stock Performance

SSNC opened at $84.24 on Wednesday. The company’s 50 day moving average is $86.40 and its 200 day moving average is $86.08. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 25.00 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. 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. On average, equities research 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 was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, December 1st. This represents a $1.08 annualized dividend and a yield of 1.3%. SS&C Technologies’s payout ratio is 32.05%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the sale, the director owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

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.