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 on Wednesday, May 20th. The stock was sold at an average price of $66.78, for a total transaction of $200,340.00. Following the completion of the transaction, the director owned 15,824 shares in the company, valued at $1,056,726.72. This represents a 15.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 22nd, Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $67.04 on Friday. The company’s fifty day moving average price is $68.90 and its two-hundred day moving average price is $77.66. The firm has a market capitalization of $16.15 billion, a P/E ratio of 20.76 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 12 month low of $64.51 and a 12 month high of $91.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.

SS&C Technologies (NASDAQ:SSNC) last released its 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 company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of SS&C Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares in the last quarter. Pzena Investment Management LLC grew its position in SS&C Technologies by 1.4% in the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock worth $901,613,000 after purchasing an additional 137,691 shares during the last quarter. State Street Corp grew its position in SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after purchasing an additional 125,580 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after acquiring an additional 5,012,893 shares during the period. Finally, Swedbank AB lifted its holdings in shares of SS&C Technologies by 15.0% during the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after acquiring an additional 563,196 shares during the period. Institutional investors own 96.90% of the company’s stock.

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.