Y Intercept Hong Kong Ltd Invests $2.36 Million in SS&C Technologies Holdings, Inc. $SSNC

Y Intercept Hong Kong Ltd acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,868 shares of the technology company’s stock, valued at approximately $2,356,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SSNC. Vanguard Group Inc. lifted its stake in SS&C Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after buying an additional 74,170 shares during the period. Pzena Investment Management LLC grew its position in shares of SS&C Technologies by 1.4% during the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock worth $901,613,000 after buying an additional 137,691 shares during the period. State Street Corp increased its stake in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after acquiring an additional 125,580 shares in the last quarter. Bank of Montreal Can increased its stake in shares of SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after acquiring an additional 5,012,893 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its position in shares of SS&C Technologies by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 4,258,493 shares of the technology company’s stock valued at $372,277,000 after acquiring an additional 32,136 shares during the period. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. Morgan Stanley cut their target price 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. Jefferies Financial Group decreased their price target on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. UBS Group increased their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

Check Out Our Latest Stock Report on SSNC

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $65.42 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The stock’s 50 day moving average is $66.80 and its 200-day moving average is $73.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 20.25 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

Insider Activity

In related news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were 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 approximately $1,227,178.72. This trade represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction dated 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 $5,307,614.24. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is currently owned by insiders.

SS&C Technologies Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report).

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

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.