Bank of New York Mellon Corp Has $44.25 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Bank of New York Mellon Corp decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 6.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 654,932 shares of the technology company’s stock after selling 44,596 shares during the quarter. Bank of New York Mellon Corp’s holdings in SS&C Technologies were worth $44,254,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after purchasing an additional 5,012,893 shares in the last quarter. Norges Bank purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $242,846,000. Lyrical Asset Management LP purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $220,573,000. Alliancebernstein L.P. grew its holdings in SS&C Technologies by 503.0% during the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after buying an additional 1,052,331 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in SS&C Technologies by 48.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,267,717 shares of the technology company’s stock worth $198,244,000 after buying an additional 743,245 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley cut 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 report on Friday, April 24th. Jefferies Financial Group lowered their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday. JPMorgan Chase & Co. cut their price target 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, July 20th. Finally, Royal Bank Of Canada increased their price objective on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday. One 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’s stock. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and an average target price of $93.25.

Get Our Latest Stock Analysis on SS&C Technologies

SS&C Technologies Stock Up 10.4%

SSNC stock opened at $73.88 on Friday. The stock has a 50-day simple moving average of $66.98 and a two-hundred day simple moving average of $71.64. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The firm has a market capitalization of $17.79 billion, a PE ratio of 21.23 and a beta of 1.11. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.02%. SS&C Technologies’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. 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, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company 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. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.44%.

Insiders Place Their Bets

In other news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the company’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 completion of the transaction, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock valued at $583,576 over the last 90 days. Company insiders own 16.00% of the company’s stock.

SS&C Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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