SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Burney Co.

Burney Co. decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 118,211 shares of the technology company’s stock after selling 74,863 shares during the quarter. Burney Co.’s holdings in SS&C Technologies were worth $7,988,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in shares of SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after acquiring an additional 5,012,893 shares during the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $242,846,000. Lyrical Asset Management LP acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $220,573,000. Alliancebernstein L.P. grew its holdings in shares of SS&C Technologies by 503.0% in the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock valued at $111,976,000 after purchasing an additional 1,052,331 shares during the period. Finally, Junto Capital Management LP acquired a new stake in SS&C Technologies during the third quarter worth about $89,281,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a report on Monday, April 27th. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. 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 equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

SS&C Technologies Price Performance

Shares of SSNC opened at $65.32 on Tuesday. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07. The stock has a market cap of $15.73 billion, a PE ratio of 20.22 and a beta of 1.11. The firm has a 50-day simple moving average of $66.89 and a two-hundred day simple moving average of $73.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. SS&C Technologies’s payout ratio is presently 33.44%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction 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 sale, the director owned 79,384 shares in the company, valued at $5,307,614.24. This represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,740 shares of company stock worth $583,576 over the last 90 days. 16.00% of the stock is owned by insiders.

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.