SS&C Technologies (NASDAQ:SSNC) Director Sells $183,196.40 in Stock
by Teresa Graham · The Cerbat GemSS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) Director Jonathan 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 value of $183,196.40. Following the completion of the sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SS&C Technologies Stock Performance
SSNC stock traded up $0.09 during trading hours on Friday, hitting $67.04. 1,947,658 shares of the stock were exchanged, compared to its average volume of 2,461,539. 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 current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $16.15 billion, a P/E ratio of 20.76 and a beta of 1.12. The company has a 50-day simple moving average of $69.02 and a two-hundred day simple moving average of $77.74.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. SS&C Technologies’s quarterly revenue was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 is Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 33.44%.
Institutional Trading of SS&C Technologies
Several large investors have recently made changes to their positions in the company. Havemeyer Place LP bought a new position in SS&C Technologies in the fourth quarter valued at approximately $26,000. EFG International AG bought a new stake in SS&C Technologies during the fourth quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at $37,000. Cornerstone Planning Group LLC boosted its holdings in shares of SS&C Technologies by 1,890.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock valued at $39,000 after purchasing an additional 416 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on SSNC shares. Morgan Stanley dropped their price target 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. UBS Group increased their price target on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group dropped their price objective on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Needham & Company LLC reduced their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $96.13.
Read Our Latest Report on SSNC
SS&C Technologies Company 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.