SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 91,138 shares of the technology company’s stock after selling 11,224 shares during the period. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $7,967,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SSNC. Havemeyer Place LP acquired a new stake in SS&C Technologies in the 4th quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at about $37,000. Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $40,000. Fifth Third Bancorp grew its stake in SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after acquiring an additional 329 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in SS&C Technologies by 36.0% in the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock valued at $44,000 after acquiring an additional 133 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 2.4%

NASDAQ SSNC opened at $68.20 on Tuesday. SS&C Technologies Holdings, Inc. has a 12 month low of $64.51 and a 12 month high of $91.07. The company has a 50-day moving average of $68.30 and a 200-day moving average of $76.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $16.42 billion, a P/E ratio of 21.11 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is presently 33.44%.

Insider Transactions at SS&C Technologies

In other 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 completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction dated 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 owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% 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 in the last quarter. Company insiders own 16.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. UBS Group upped their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Morgan Stanley reduced their target price 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. Finally, Jefferies Financial Group reduced their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.13.

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.