First Trust Advisors LP Has $61.32 Million Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

First Trust Advisors LP boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 25.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 907,447 shares of the technology company’s stock after buying an additional 184,423 shares during the quarter. First Trust Advisors LP’s holdings in SS&C Technologies were worth $61,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. Havemeyer Place LP bought a new stake in SS&C Technologies during the 4th quarter worth about $26,000. EFG International AG acquired a new position in SS&C Technologies during the 4th quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in shares of SS&C Technologies in the 4th quarter valued at about $37,000. Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies in the 2nd quarter valued at about $40,000. Finally, Fifth Third Bancorp grew its position in shares of SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after buying an additional 329 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies News Roundup

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

SS&C Technologies Price Performance

SS&C Technologies stock opened at $73.88 on Friday. The firm has a market capitalization of $17.79 billion, a P/E ratio of 21.23 and a beta of 1.11. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The business has a 50-day moving average of $66.98 and a 200-day moving average of $71.64. 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 (NASDAQ:SSNCGet Free Report) last announced its quarterly earnings results 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 analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.SS&C Technologies’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. 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 anticipate that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid 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 is presently 33.44%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SSNC shares. DA Davidson reissued a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Wednesday, July 15th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Royal Bank Of Canada lifted their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. dropped their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Morgan Stanley cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

Check Out Our Latest Stock Report on SSNC

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies 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 transaction, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were 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 of the company’s stock, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock valued at $583,576 in the last ninety days. Insiders own 16.00% of the company’s stock.

About SS&C Technologies

(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.

See Also

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report).

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

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