Anchor Capital Advisors LLC Lowers Position in SS&C Technologies Holdings, Inc. $SSNC

Anchor Capital Advisors LLC lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.3% during the fourth quarter, Holdings Channel reports. The fund owned 23,055 shares of the technology company’s stock after selling 384,809 shares during the period. Anchor Capital Advisors LLC’s holdings in SS&C Technologies were worth $2,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in SS&C Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after acquiring an additional 74,170 shares during the last quarter. Pzena Investment Management LLC increased its stake in SS&C Technologies by 1.4% in the fourth quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after acquiring an additional 137,691 shares during the last quarter. State Street Corp increased its stake in SS&C Technologies by 2.0% in the third quarter. State Street Corp now owns 5,938,535 shares of the technology company’s stock valued at $527,104,000 after acquiring an additional 117,983 shares during the last quarter. Swedbank AB increased its stake in SS&C Technologies by 0.9% in the fourth quarter. Swedbank AB now owns 3,744,599 shares of the technology company’s stock valued at $327,353,000 after acquiring an additional 34,266 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SS&C Technologies by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,979,431 shares of the technology company’s stock valued at $264,435,000 after acquiring an additional 50,757 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

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 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 directly owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,740 shares of company stock valued at $583,576 over the last quarter. Company insiders own 16.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SSNC shares. UBS Group increased their target price on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group reduced their price objective on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Needham & Company LLC reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, April 27th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.13.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $67.97 on Thursday. The stock’s 50 day simple moving average is $68.19 and its two-hundred day simple moving average is $76.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 21.04 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a fifty-two week low of $64.51 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. SS&C Technologies’s payout ratio is presently 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.