Citigroup Inc. Reduces Position in SS&C Technologies Holdings, Inc. $SSNC

Citigroup Inc. reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 54.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,009 shares of the technology company’s stock after selling 457,737 shares during the period. Citigroup Inc.’s holdings in SS&C Technologies were worth $34,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Caldwell Trust Co acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of SS&C Technologies by 1,890.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after purchasing an additional 416 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of SS&C Technologies in the third quarter valued at approximately $39,000. Root Financial Partners LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $42,000. Finally, Osterweis Capital Management Inc. purchased a new position in SS&C Technologies during the second quarter worth approximately $40,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.2%

Shares of SSNC opened at $70.37 on Wednesday. The company’s 50-day moving average price is $82.22 and its 200 day moving average price is $84.79. SS&C Technologies Holdings, Inc. has a 12-month low of $69.00 and a 12-month high of $91.07. 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 firm has a market cap of $17.17 billion, a P/E ratio of 22.27 and a beta of 1.17.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.18%.

Analyst Ratings Changes

SSNC has been the subject of several analyst reports. Jefferies Financial Group upped their target price on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $106.00 target price on shares of SS&C Technologies in a report on Friday, February 6th. Finally, Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

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.