Victory Capital Management Inc. Sells 11,495 Shares of SS&C Technologies Holdings, Inc. $SSNC

Victory Capital Management Inc. cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% during the third quarter, Holdings Channel.com reports. The fund owned 1,106,545 shares of the technology company’s stock after selling 11,495 shares during the period. Victory Capital Management Inc.’s holdings in SS&C Technologies were worth $98,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SSNC. Caldwell Trust Co bought a new stake in SS&C Technologies during the 2nd quarter valued at approximately $27,000. Quent Capital LLC purchased a new stake in SS&C Technologies during the 3rd quarter valued at approximately $39,000. Cornerstone Planning Group LLC raised its position in shares of SS&C Technologies by 1,890.9% during the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock valued at $39,000 after buying an additional 416 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of SS&C Technologies in the second quarter worth $40,000. Finally, Root Financial Partners LLC purchased a new position in shares of SS&C Technologies in the third quarter worth $42,000. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SSNC shares. Needham & Company LLC cut their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 6th. DA Davidson restated a “buy” rating and set a $106.00 price objective on shares of SS&C Technologies in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $75.20 on Thursday. The company’s 50-day moving average price is $80.62 and its 200-day moving average price is $84.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. The company has a market cap of $18.16 billion, a PE ratio of 23.80 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a twelve month low of $69.00 and a twelve month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. 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 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. SS&C Technologies’s payout ratio is presently 34.18%.

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.