Allspring Global Investments Holdings LLC Has $33.30 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

Allspring Global Investments Holdings LLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 731.7% during the 1st quarter, HoldingsChannel reports. The firm owned 492,311 shares of the technology company’s stock after buying an additional 433,117 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SS&C Technologies were worth $33,305,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SSNC. Havemeyer Place LP acquired a new position in shares of SS&C Technologies in the 4th quarter valued at about $26,000. EFG International AG acquired a new stake in SS&C Technologies during the fourth quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in SS&C Technologies in the fourth quarter valued at about $37,000. Osterweis Capital Management Inc. purchased a new position in SS&C Technologies in the second quarter valued at about $40,000. Finally, Fifth Third Bancorp increased its position in SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SSNC. Jefferies Financial Group decreased their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. UBS Group upped their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, DA Davidson reissued a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $69.56 on Monday. The stock has a market cap of $16.75 billion, a P/E ratio of 21.54 and a beta of 1.11. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $91.07. The company has a fifty day moving average price of $66.63 and a 200 day moving average price of $72.18. 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 posted its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business posted $1.44 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.27 per share. 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 1.6%. SS&C Technologies’s dividend payout ratio (DPR) is 33.44%.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction that occurred on 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 directly owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by company insiders.

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.