Wealthfront Advisers LLC Sells 31,094 Shares of SS&C Technologies Holdings, Inc. $SSNC

Wealthfront Advisers LLC reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 68.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,253 shares of the technology company’s stock after selling 31,094 shares during the quarter. Wealthfront Advisers LLC’s holdings in SS&C Technologies were worth $963,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently weighed in on SSNC. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. 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 research report on Friday, April 24th. Needham & Company LLC decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. DA Davidson restated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group lowered their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.12.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, 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 transaction, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the 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 sale, the director owned 18,404 shares in the company, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,740 shares of company stock valued at $583,576. Corporate insiders own 16.00% of the company’s stock.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $67.92 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50-day moving average of $66.70 and a 200-day moving average of $71.90. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 21.03 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) 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 business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm posted $1.44 EPS. SS&C Technologies’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 research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

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.