Assetmark Inc. Trims Position in SS&C Technologies Holdings, Inc. $SSNC

Assetmark Inc. cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 53.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,528 shares of the technology company’s stock after selling 35,135 shares during the quarter. Assetmark Inc.’s holdings in SS&C Technologies were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SSNC. Millennium Management LLC lifted its position in shares of SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after purchasing an additional 137,301 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of SS&C Technologies by 6,069.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after acquiring an additional 2,549 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of SS&C Technologies by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after acquiring an additional 97,247 shares in the last quarter. Focus Partners Wealth raised its position in shares of SS&C Technologies by 35.1% during the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after acquiring an additional 2,431 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in SS&C Technologies by 17.9% in the second quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after acquiring an additional 86,606 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Trading Down 0.1%

Shares of SS&C Technologies stock opened at $66.95 on Friday. The company has a 50-day moving average of $66.79 and a two-hundred day moving average of $71.63. The stock has a market cap of $16.12 billion, a PE ratio of 20.73 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.6%. SS&C Technologies’s payout ratio is 33.44%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SSNC. DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Wednesday, July 15th. Jefferies Financial Group lowered their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley dropped their price objective on shares of 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. Needham & Company LLC cut 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 report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.12.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the company’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 transaction, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,740 shares of company stock worth $583,576. Corporate insiders own 16.00% of the company’s stock.

Key SS&C Technologies News

Here are the key news stories impacting SS&C Technologies this week:

• Positive Sentiment: SS&C posted Q2 EPS of $1.76, beating expectations of $1.68, while revenue of $1.70 billion also topped estimates. The company said revenue rose 10.3% year over year, showing solid operating momentum. Article Title
• Positive Sentiment: The company raised guidance: Q3 EPS guidance of $1.73-$1.79 came in above consensus, and full-year FY2026 EPS guidance of $6.93-$7.25 also exceeded analyst expectations, suggesting management is confident in continued growth. Article Title
• Positive Sentiment: Company commentary around a record quarter and continued demand for its technology and automation offerings, including news that Marsh is scaling agentic automation with SS&C’s WorkHQ, may have reinforced the growth narrative. Article Title
• Neutral Sentiment: Several recap and earnings-call articles mainly restate the same beats and guidance, likely adding to investor focus but not providing much new information beyond the headline results. Article Title
• Negative Sentiment: Some analyst coverage turned cautious, including a lower JPMorgan price target and a pessimistic forecast from Jefferies, which may be limiting upside after the earnings rally. Article Title

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.