Vestcor Inc Sells 7,827 Shares of SS&C Technologies Holdings, Inc. $SSNC

Vestcor Inc trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 42.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,482 shares of the technology company’s stock after selling 7,827 shares during the period. Vestcor Inc’s holdings in SS&C Technologies were worth $930,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after acquiring an additional 137,301 shares during the period. NewEdge Advisors LLC increased its stake in SS&C Technologies by 6,069.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after purchasing an additional 2,549 shares during the period. Goldman Sachs Group Inc. increased its stake in SS&C Technologies by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after purchasing an additional 97,247 shares during the period. Focus Partners Wealth lifted its position in SS&C Technologies by 35.1% in the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock valued at $782,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of SS&C Technologies by 12.7% during the second quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company’s stock valued at $96,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Up 1.1%

NASDAQ SSNC traded up $0.80 on Friday, hitting $72.32. The company’s stock had a trading volume of 208,570 shares, compared to its average volume of 2,194,990. The firm has a market cap of $17.47 billion, a P/E ratio of 22.85 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a 52-week low of $69.00 and a 52-week high of $91.07. The company’s 50-day simple moving average is $78.87 and its 200 day simple moving average is $83.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The business’s revenue 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. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.27 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.08 annualized dividend and a yield of 1.5%. SS&C Technologies’s dividend payout ratio is 34.18%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SSNC shares. DA Davidson restated a “buy” rating and issued a $106.00 target price on shares of SS&C Technologies in a report on Friday, February 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. Finally, Needham & Company LLC decreased 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 report on Friday, February 6th. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

SS&C Technologies Company 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.