Janney Montgomery Scott LLC Sells 7,695 Shares of SS&C Technologies Holdings, Inc. $SSNC

Janney Montgomery Scott LLC lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23.1% in the 1st quarter, HoldingsChannel reports. The fund owned 25,681 shares of the technology company’s stock after selling 7,695 shares during the period. Janney Montgomery Scott LLC’s holdings in SS&C Technologies were worth $1,735,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SSNC. Vanguard Group Inc. raised its position in SS&C Technologies by 0.4% during 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 purchasing an additional 74,170 shares during the period. Pzena Investment Management LLC increased 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 valued at $901,613,000 after purchasing an additional 137,691 shares during the last quarter. State Street Corp increased its position in shares of SS&C Technologies by 2.1% during the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares during the last quarter. Bank of Montreal Can raised its holdings in SS&C Technologies by 4,424.6% during 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 buying an additional 5,012,893 shares during the period. Finally, Cantillon Capital Management LLC raised its holdings in 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 buying an additional 32,136 shares during the period. 96.90% of the stock is owned by institutional investors.

SS&C Technologies Price Performance

SSNC opened at $66.73 on Friday. The business has a fifty day moving average of $66.76 and a 200 day moving average of $73.06. The stock has a market cap of $16.07 billion, a P/E ratio of 20.66 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 52-week low of $61.40 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

SSNC has been the subject of several recent analyst reports. 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. 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. DA Davidson reaffirmed a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, April 27th. Morgan Stanley cut their price target on shares of 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. Finally, Jefferies Financial Group reduced 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.12.

Insider Activity

In other news, 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 transaction of $200,040.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s 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 completion of the sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by corporate insiders.

SS&C Technologies 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.