Manning & Napier Advisors LLC Sells 17,558 Shares of SS&C Technologies Holdings, Inc. $SSNC

Manning & Napier Advisors LLC decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,926 shares of the technology company’s stock after selling 17,558 shares during the quarter. Manning & Napier Advisors LLC’s holdings in SS&C Technologies were worth $4,609,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SSNC. Exencial Wealth Advisors LLC raised its holdings in shares of SS&C Technologies by 2.3% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 49,072 shares of the technology company’s stock valued at $4,356,000 after purchasing an additional 1,081 shares during the period. Quent Capital LLC acquired a new position in SS&C Technologies during the third quarter worth approximately $39,000. Sumitomo Mitsui Trust Group Inc. raised its stake in SS&C Technologies by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 508,916 shares of the technology company’s stock valued at $45,171,000 after buying an additional 5,666 shares during the period. MGO One Seven LLC lifted its position in shares of SS&C Technologies by 4.4% in the third quarter. MGO One Seven LLC now owns 11,266 shares of the technology company’s stock valued at $1,000,000 after buying an additional 470 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of SS&C Technologies by 11.4% during the 3rd quarter. Forum Financial Management LP now owns 5,316 shares of the technology company’s stock worth $472,000 after acquiring an additional 545 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SSNC shares. UBS Group increased their price target on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Raymond James Financial raised their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. DA Davidson set a $102.00 target price on shares of SS&C Technologies in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.75.

SS&C Technologies Trading Up 1.5%

Shares of SS&C Technologies stock opened at $86.04 on Thursday. The firm has a 50-day moving average of $86.33 and a 200-day moving average of $86.00. The stock has a market cap of $21.00 billion, a PE ratio of 25.53 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $91.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $1.29 earnings per share. SS&C Technologies’s revenue for the quarter was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 1st. SS&C Technologies’s payout ratio is presently 32.05%.

Insider Activity

In related news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the sale, the director owned 386,924 shares of the company’s stock, valued at $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 16.40% 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.