Sumitomo Mitsui Trust Group Inc. Sells 22,459 Shares of SS&C Technologies Holdings, Inc. $SSNC

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 488,152 shares of the technology company’s stock after selling 22,459 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SS&C Technologies were worth $32,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SSNC. Havemeyer Place LP bought a new stake in SS&C Technologies during the 4th quarter valued at $26,000. EFG International AG bought a new position in shares of SS&C Technologies in the fourth quarter worth $29,000. V Square Quantitative Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter worth $37,000. Osterweis Capital Management Inc. purchased a new position in shares of SS&C Technologies in the second quarter valued at $40,000. Finally, Fifth Third Bancorp raised its stake in shares of SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after purchasing an additional 329 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC opened at $68.06 on Tuesday. The company has a market cap of $16.39 billion, a PE ratio of 21.07 and a beta of 1.11. 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 50-day moving average price of $66.67 and a 200-day moving average price of $72.75. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.SS&C Technologies’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed 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 was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.6%. SS&C Technologies’s dividend payout ratio (DPR) is 33.44%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSNC. Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley lowered 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 report on Friday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, April 27th. Finally, UBS Group boosted their price objective on shares of 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the transaction, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the 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 transaction, the director directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,740 shares of company stock worth $583,576. Corporate insiders own 16.00% of the company’s stock.

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.