Meyer Handelman Co. Has $8.28 Million Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Meyer Handelman Co. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,527 shares of the technology company’s stock after acquiring an additional 13,217 shares during the period. Meyer Handelman Co.’s holdings in SS&C Technologies were worth $8,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSNC. Argent Trust Co lifted its position in shares of SS&C Technologies by 0.8% in the 3rd quarter. Argent Trust Co now owns 15,914 shares of the technology company’s stock worth $1,413,000 after purchasing an additional 126 shares during the period. AXA S.A. increased its position in shares of SS&C Technologies by 1.4% during the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after buying an additional 130 shares during the period. Private Trust Co. NA raised its stake in SS&C Technologies by 36.0% during the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after buying an additional 133 shares during the last quarter. Signaturefd LLC raised its stake in SS&C Technologies by 3.9% during the fourth quarter. Signaturefd LLC now owns 3,785 shares of the technology company’s stock worth $331,000 after buying an additional 141 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in SS&C Technologies by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Needham & Company LLC dropped their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Morgan Stanley cut their target price 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. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, UBS Group boosted their price target on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating 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 issued a Hold rating to the company. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $63.02 on Friday. The firm’s 50-day moving average price is $67.88 and its 200-day moving average price is $74.61. SS&C Technologies Holdings, Inc. has a 1-year low of $62.99 and a 1-year high of $91.07. The firm has a market capitalization of $15.18 billion, a P/E ratio of 19.51 and a beta of 1.09. 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 (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm 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 company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. SS&C Technologies’s payout ratio is presently 33.44%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,740 shares of company stock worth $583,576 in the last 90 days. 16.00% of the stock is currently owned by company insiders.

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.