SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 70.6% during the first quarter, HoldingsChannel.com reports. The fund owned 6,079 shares of the technology company’s stock after selling 14,626 shares during the period. Ritholtz Wealth Management’s holdings in SS&C Technologies were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

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

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $63.91 on Thursday. The firm’s 50-day simple moving average is $67.20 and its 200 day simple moving average is $73.95. The stock has a market cap of $15.39 billion, a P/E ratio of 19.79 and a beta of 1.11. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly 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. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. SS&C Technologies’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is 33.44%.

Insider Buying and Selling

In other news, 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 value of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the company’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 approximately $5,307,614.24. This trade represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,740 shares of company stock valued at $583,576 over the last 90 days. 16.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SSNC. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group cut their price objective 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. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. DA Davidson restated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research report on Monday, April 27th. Finally, Morgan Stanley cut their price target on 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

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.