Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 431,175 shares of the technology company’s stock, valued at approximately $26,754,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.18% of SS&C Technologies as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Havemeyer Place LP acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $26,000. EFG International AG acquired a new position in SS&C Technologies in the fourth quarter valued at about $29,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies in the second quarter valued at about $40,000. Fifth Third Bancorp boosted its holdings in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after buying an additional 329 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of SS&C Technologies by 36.0% during the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SSNC shares. UBS Group reaffirmed a “buy” rating and issued a $99.00 price target on shares of SS&C Technologies in a research note on Thursday. Morgan Stanley reduced their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Jefferies Financial Group lowered their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.25.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $81.50 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The stock has a 50-day moving average price of $70.48 and a two-hundred day moving average price of $70.78. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 23.42 and a beta of 1.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $1.45 earnings per share. SS&C Technologies’s revenue was up 10.3% compared to the same quarter last year. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. SS&C Technologies’s payout ratio is presently 31.03%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares in the company, valued at $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock valued at $583,576 in the last quarter. 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.