Kestra Private Wealth Services LLC Sells 9,350 Shares of SS&C Technologies Holdings, Inc. $SSNC

Kestra Private Wealth Services LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 63.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,382 shares of the technology company’s stock after selling 9,350 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in SS&C Technologies were worth $364,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BTC Capital Management Inc. grew its position in shares of SS&C Technologies by 19.6% during the 1st quarter. BTC Capital Management Inc. now owns 74,198 shares of the technology company’s stock valued at $5,014,000 after acquiring an additional 12,143 shares during the period. Blue Trust Inc. raised its holdings in shares of SS&C Technologies by 61.7% in the 1st quarter. Blue Trust Inc. now owns 1,405 shares of the technology company’s stock worth $95,000 after purchasing an additional 536 shares during the period. OP Asset Management Ltd purchased a new position in SS&C Technologies in the first quarter valued at approximately $1,569,000. Assenagon Asset Management S.A. lifted its stake in SS&C Technologies by 286.0% in the first quarter. Assenagon Asset Management S.A. now owns 179,104 shares of the technology company’s stock valued at $12,102,000 after purchasing an additional 132,707 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in SS&C Technologies by 244.3% during the first quarter. SG Americas Securities LLC now owns 145,503 shares of the technology company’s stock valued at $9,832,000 after purchasing an additional 103,242 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on SSNC shares. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, April 27th. Needham & Company LLC decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. Morgan Stanley lowered their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, UBS Group upped their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $96.12.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $65.52 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $15.78 billion, a PE ratio of 20.28 and a beta of 1.11. The firm’s 50 day simple moving average is $66.98 and its 200 day simple moving average is $73.74.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $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 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

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.