Robeco Institutional Asset Management B.V. Has $156.27 Million Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC
by Mitch Edgeman · The Markets DailyRobeco Institutional Asset Management B.V. decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,760,639 shares of the technology company’s stock after selling 26,780 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.72% of SS&C Technologies worth $156,274,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Caldwell Trust Co acquired a new position in shares of SS&C Technologies in the second quarter valued at about $27,000. Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies in the 2nd quarter worth about $40,000. 1248 Management LLC bought a new stake in SS&C Technologies in the 1st quarter valued at about $45,000. Salem Investment Counselors Inc. boosted its holdings in SS&C Technologies by 71.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock valued at $55,000 after purchasing an additional 261 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of SS&C Technologies during the 1st quarter worth approximately $82,000. Institutional investors own 96.90% of the company’s stock.
Insider Activity at SS&C Technologies
In other news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the sale, the director directly owned 386,924 shares in the company, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.40% of the company’s stock.
SS&C Technologies Stock Up 2.8%
NASDAQ SSNC opened at $88.18 on Tuesday. The business has a fifty day moving average price of $86.01 and a two-hundred day moving average price of $85.73. The stock has a market capitalization of $21.52 billion, a PE ratio of 26.17 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $91.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the company posted $1.29 EPS. The company’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. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.
SS&C Technologies Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.08 annualized dividend and a yield of 1.2%. SS&C Technologies’s payout ratio is presently 32.05%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. DA Davidson set a $102.00 price objective on SS&C Technologies in a research note on Friday, October 24th. Morgan Stanley lifted their price objective on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Raymond James Financial upped their target price on SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.75.
View Our Latest Report on SS&C Technologies
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.
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