Michael Jay Zamkow Sells 3,000 Shares of SS&C Technologies (NASDAQ:SSNC) Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michael Jay Zamkow also recently made the following trade(s):

• On Wednesday, May 20th, Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock. The shares were sold at an average price of $66.78, for a total value of $200,340.00.

SS&C Technologies Trading Up 0.1%

Shares of NASDAQ:SSNC opened at $67.04 on Friday. The stock has a 50 day moving average of $68.90 and a 200 day moving average of $77.66. The company has a market cap of $16.15 billion, a PE ratio of 20.76 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 12-month low of $64.51 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 33.44%.

Institutional Trading of SS&C Technologies

A number of institutional investors have recently made changes to their positions in SSNC. Millennium Management LLC boosted its stake in SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after buying an additional 137,301 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 valued at $216,000 after purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $57,664,000 after purchasing an additional 97,247 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of SS&C Technologies by 35.1% in the 1st 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, Invesco Ltd. lifted its stake in shares of SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after purchasing an additional 86,606 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on SSNC. Jefferies Financial Group cut their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, April 27th. Morgan Stanley dropped their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Needham & Company LLC decreased their price target on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.13.

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.