Prana Capital Management LP Sells 121,101 Shares of SS&C Technologies Holdings, Inc. $SSNC

Prana Capital Management LP lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 21.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,914 shares of the technology company’s stock after selling 121,101 shares during the period. SS&C Technologies accounts for approximately 1.3% of Prana Capital Management LP’s holdings, making the stock its 27th biggest holding. Prana Capital Management LP’s holdings in SS&C Technologies were worth $39,934,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of 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 purchasing an additional 137,301 shares in the last quarter. NewEdge Advisors LLC raised its stake in SS&C Technologies by 6,069.0% in the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after buying an additional 2,549 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in SS&C Technologies by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after buying an additional 97,247 shares during the period. Focus Partners Wealth boosted its position in SS&C Technologies by 35.1% during the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock valued at $782,000 after acquiring an additional 2,431 shares in the last quarter. Finally, Allworth Financial LP boosted its position in SS&C Technologies by 7.2% during the 2nd quarter. Allworth Financial LP now owns 2,162 shares of the technology company’s stock valued at $179,000 after acquiring an additional 146 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SSNC shares. Wall Street Zen lowered SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC dropped their price target on 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. DA Davidson reaffirmed a “buy” rating and issued a $106.00 price target on shares of SS&C Technologies in a research note 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $72.62 on Wednesday. The company has a 50 day simple moving average of $77.94 and a two-hundred day simple moving average of $83.29. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $91.07. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 22.98 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. 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. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. SS&C Technologies’s dividend payout ratio is currently 34.18%.

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.