Norris Perne & French LLP MI Sells 6,152 Shares of SS&C Technologies Holdings, Inc. $SSNC

Norris Perne & French LLP MI lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,434 shares of the technology company’s stock after selling 6,152 shares during the period. SS&C Technologies accounts for 1.6% of Norris Perne & French LLP MI’s holdings, making the stock its 21st biggest position. Norris Perne & French LLP MI owned about 0.11% of SS&C Technologies worth $22,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of SS&C Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock valued at $1,702,971,000 after purchasing an additional 165,821 shares during the period. DNB Asset Management AS increased its position in SS&C Technologies by 7.3% during the second quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock worth $3,983,000 after buying an additional 3,269 shares during the last quarter. North Star Asset Management Inc. raised its stake in SS&C Technologies by 1.0% in the second quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock valued at $50,627,000 after buying an additional 6,199 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $2,828,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of SS&C Technologies by 8.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 412,791 shares of the technology company’s stock worth $34,179,000 after acquiring an additional 30,449 shares during the period. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group upped their price objective on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Raymond James Financial raised their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Morgan Stanley upped their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Finally, DA Davidson set a $102.00 price target on shares of SS&C Technologies in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares of the company’s stock, valued at $33,217,425.40. The trade was a 27.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.40% of the stock is owned by corporate insiders.

SS&C Technologies Trading Up 0.7%

SSNC stock opened at $89.62 on Monday. SS&C Technologies Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $91.07. The company has a market capitalization of $21.87 billion, a PE ratio of 26.59 and a beta of 1.20. The company’s 50-day simple moving average is $85.41 and its 200 day simple moving average is $85.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, December 1st. SS&C Technologies’s dividend payout ratio (DPR) is 32.05%.

About SS&C Technologies

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.