SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 66.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 97,595 shares of the technology company’s stock after selling 193,834 shares during the period. Engineers Gate Manager LP’s holdings in SS&C Technologies were worth $6,056,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a report on Monday, July 27th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. Finally, BWS Financial restated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.62.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $80.27 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09. The firm’s 50 day simple moving average is $76.98 and its 200-day simple moving average is $71.68. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $90.22.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous 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. Analysts expect that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio is currently 34.48%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc (NASDAQ: SSNC) provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.