Rhumbline Advisers Buys 7,256 Shares of SS&C Technologies Holdings, Inc. $SSNC

Rhumbline Advisers increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.7% during the third quarter, HoldingsChannel.com reports. The fund owned 280,416 shares of the technology company’s stock after purchasing an additional 7,256 shares during the period. Rhumbline Advisers’ holdings in SS&C Technologies were worth $24,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in SS&C Technologies during the second quarter worth approximately $27,000. Quent Capital LLC acquired a new stake in shares of SS&C Technologies in the third quarter worth $39,000. Cornerstone Planning Group LLC boosted its holdings in shares of SS&C Technologies by 1,890.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after buying an additional 416 shares during the period. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at $40,000. Finally, Root Financial Partners LLC acquired a new position in SS&C Technologies in the 3rd quarter valued at $42,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SSNC shares. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Jefferies Financial Group increased their target price on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. UBS Group lifted their price target on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. Finally, Needham & Company LLC lowered their price objective on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

SS&C Technologies Trading Up 1.3%

Shares of SSNC stock opened at $72.09 on Tuesday. The firm has a fifty day moving average of $84.07 and a 200-day moving average of $85.41. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 22.81 and a beta of 1.17. 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 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 earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. SS&C Technologies’s dividend payout ratio (DPR) is 34.18%.

Insider Buying and Selling

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.40% of the stock is currently owned by corporate insiders.

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.