SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Progeny 3 Inc.

Progeny 3 Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,258,900 shares of the technology company’s stock after buying an additional 133,400 shares during the period. SS&C Technologies comprises about 4.6% of Progeny 3 Inc.’s portfolio, making the stock its 7th biggest position. Progeny 3 Inc.’s holdings in SS&C Technologies were worth $85,064,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Dean Capital Management grew its holdings in SS&C Technologies by 19.9% during the 1st quarter. Dean Capital Management now owns 34,562 shares of the technology company’s stock worth $2,335,000 after acquiring an additional 5,732 shares in the last quarter. Weiss Asset Management LP acquired a new position in SS&C Technologies in the first quarter valued at approximately $3,921,000. OMERS ADMINISTRATION Corp increased its stake in SS&C Technologies by 14.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 37,700 shares of the technology company’s stock valued at $2,547,000 after purchasing an additional 4,834 shares during the last quarter. Callodine Capital Management LP raised its holdings in SS&C Technologies by 89.4% during the first quarter. Callodine Capital Management LP now owns 449,401 shares of the technology company’s stock worth $30,366,000 after purchasing an additional 212,148 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its holdings in SS&C Technologies by 23.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 148,755 shares of the technology company’s stock worth $10,051,000 after purchasing an additional 28,219 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Key Stories Impacting SS&C Technologies

Here are the key news stories impacting SS&C Technologies this week:

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies 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 trade represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,740 shares of company stock valued at $583,576 in the last quarter. Insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $73.88 on Monday. The company’s 50 day simple moving average is $66.98 and its 200-day simple moving average is $71.53. The firm has a market cap of $17.79 billion, a PE ratio of 21.23 and a beta of 1.11. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 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.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.02%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. SS&C Technologies’s revenue for the quarter was up 10.3% on a year-over-year basis. 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 predict that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 31.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday. Royal Bank Of Canada boosted their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. One 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, the stock has an average rating of “Moderate Buy” and an average target price of $93.25.

Check Out Our Latest Stock Analysis on SSNC

About SS&C Technologies

(Free Report)

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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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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