Great Lakes Advisors LLC Lowers Position in SS&C Technologies Holdings, Inc. $SSNC

Great Lakes Advisors LLC trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 403,980 shares of the technology company’s stock after selling 16,918 shares during the quarter. Great Lakes Advisors LLC’s holdings in SS&C Technologies were worth $35,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Aviva PLC grew its holdings in SS&C Technologies by 5.8% in the fourth quarter. Aviva PLC now owns 176,781 shares of the technology company’s stock valued at $15,454,000 after purchasing an additional 9,670 shares during the period. Nuveen LLC grew its holdings in SS&C Technologies by 0.5% in the fourth quarter. Nuveen LLC now owns 286,258 shares of the technology company’s stock valued at $25,025,000 after purchasing an additional 1,381 shares during the period. Xponance LLC grew its holdings in SS&C Technologies by 0.9% in the fourth quarter. Xponance LLC now owns 27,510 shares of the technology company’s stock valued at $2,405,000 after purchasing an additional 233 shares during the period. IFM Investors Pty Ltd grew its holdings in SS&C Technologies by 0.9% in the fourth quarter. IFM Investors Pty Ltd now owns 43,659 shares of the technology company’s stock valued at $3,817,000 after purchasing an additional 403 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $332,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 0.7%

NASDAQ SSNC opened at $67.74 on Friday. The company’s fifty day simple moving average is $68.40 and its 200-day simple moving average is $76.03. SS&C Technologies Holdings, Inc. has a 52 week low of $64.51 and a 52 week high of $91.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $16.31 billion, a P/E ratio of 20.97 and a beta of 1.09.

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

SS&C Technologies Announces Dividend

The company 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. SS&C Technologies’s payout ratio is presently 33.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SSNC. DA Davidson restated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, April 27th. Morgan Stanley reduced their price target on shares of 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. Jefferies Financial Group reduced 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 reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

Insiders Place Their Bets

In other news, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,740 shares of company stock worth $583,576. Corporate insiders own 16.00% 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.