Pzena Investment Management LLC Purchases New Shares in SS&C Technologies Holdings, Inc. $SSNC

Pzena Investment Management LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,036,568 shares of the technology company’s stock, valued at approximately $684,819,000. SS&C Technologies comprises about 2.0% of Pzena Investment Management LLC’s portfolio, making the stock its 20th biggest position. Pzena Investment Management LLC owned approximately 4.70% of SS&C Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $248,000. UNIVEST FINANCIAL Corp acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $723,000. Auxano Advisors LLC bought a new position in SS&C Technologies in the 2nd quarter worth approximately $619,000. BlackRock Inc. bought a new position in SS&C Technologies in the 2nd quarter worth approximately $1,043,987,000. Finally, Pallas Capital Advisors LLC acquired a new position in SS&C Technologies during the 2nd quarter worth $640,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $79.80 on Tuesday. The firm’s 50 day simple moving average is $70.71 and its 200 day simple moving average is $70.74. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 22.93 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies’s dividend payout ratio is currently 31.03%.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction that occurred 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 transaction, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock worth $583,576 in the last ninety days. 16.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SSNC shares. JPMorgan Chase & Co. lowered their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Morgan Stanley decreased 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. UBS Group reiterated a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One equities 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.25.

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.