California State Teachers Retirement System Sells 11,952 Shares of SS&C Technologies Holdings, Inc. $SSNC

California State Teachers Retirement System trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 442,563 shares of the technology company’s stock after selling 11,952 shares during the period. California State Teachers Retirement System’s holdings in SS&C Technologies were worth $29,904,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in shares of SS&C Technologies by 530.6% during the 1st quarter. Empowered Funds LLC now owns 81,303 shares of the technology company’s stock valued at $5,494,000 after purchasing an additional 68,410 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SS&C Technologies by 14.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,478 shares of the technology company’s stock worth $1,586,000 after purchasing an additional 2,897 shares during the period. Quantinno Capital Management LP lifted its stake in shares of SS&C Technologies by 122.2% in the 1st quarter. Quantinno Capital Management LP now owns 431,341 shares of the technology company’s stock worth $29,146,000 after purchasing an additional 237,232 shares during the period. Progeny 3 Inc. boosted its holdings in shares of SS&C Technologies by 11.9% in the first quarter. Progeny 3 Inc. now owns 1,258,900 shares of the technology company’s stock worth $85,064,000 after buying an additional 133,400 shares during the last quarter. Finally, Dean Capital Management grew its position in SS&C Technologies by 19.9% during the first quarter. Dean Capital Management now owns 34,562 shares of the technology company’s stock valued at $2,335,000 after buying an additional 5,732 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director owned 18,404 shares in the company, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,740 shares of company stock valued at $583,576. Company insiders own 16.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SSNC shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.25.

SS&C Technologies Stock Down 0.2%

SSNC stock opened at $77.05 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 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. The stock has a market cap of $18.56 billion, a P/E ratio of 22.14 and a beta of 1.11. The business’s 50-day moving average price is $67.99 and its 200-day moving average price is $71.25.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 31.03%.

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.