Allstate Corp Has $1.81 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Allstate Corp lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 114.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,719 shares of the technology company’s stock after purchasing an additional 11,061 shares during the period. Allstate Corp’s holdings in SS&C Technologies were worth $1,811,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SSNC. National Pension Service grew its holdings in SS&C Technologies by 27.2% in the 3rd quarter. National Pension Service now owns 186,824 shares of the technology company’s stock worth $16,582,000 after acquiring an additional 39,984 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in SS&C Technologies by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock worth $68,147,000 after acquiring an additional 22,547 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in SS&C Technologies by 374.3% in the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock worth $12,046,000 after acquiring an additional 108,746 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in SS&C Technologies by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after acquiring an additional 16,278 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in SS&C Technologies in the 3rd quarter worth $1,414,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Up 0.6%

Shares of SS&C Technologies stock opened at $66.11 on Friday. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 20.47 and a beta of 1.12. The company’s 50 day moving average is $68.46 and its 200 day moving average is $77.09. SS&C Technologies Holdings, Inc. has a twelve month low of $64.51 and a twelve month high of $91.07. 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:SSNC) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current year.

SS&C Technologies Announces Dividend

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

Analysts Set New Price Targets

SSNC has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, April 27th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley lowered their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. UBS Group boosted their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.13.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction on Friday, May 22nd. The shares were 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 $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the sale, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock worth $583,576 over the last quarter. Insiders own 16.00% of the company’s stock.

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.