Fisher Asset Management LLC Boosts Stake in SS&C Technologies Holdings, Inc. $SSNC

Fisher Asset Management LLC lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 39.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,724 shares of the technology company’s stock after buying an additional 45,094 shares during the quarter. Fisher Asset Management LLC’s holdings in SS&C Technologies were worth $13,876,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after purchasing an additional 137,301 shares during the last quarter. NewEdge Advisors LLC raised its holdings in SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in SS&C Technologies by 16.4% during 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 holdings in SS&C Technologies by 35.1% during 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. raised its holdings in 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 last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SSNC. Morgan Stanley reduced their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Jefferies Financial Group reduced their price objective on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research 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. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value 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. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,740 shares of company stock valued at $583,576. Insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $65.74 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $64.51 and a fifty-two week high of $91.07. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 20.35 and a beta of 1.12. The business has a fifty day moving average of $68.59 and a 200-day moving average of $77.22. 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 released its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter 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, analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

SS&C Technologies Company 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.