Diamond Hill Capital Management Inc. Reduces Stake in SS&C Technologies Holdings, Inc. $SSNC

Diamond Hill Capital Management Inc. reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,153,268 shares of the technology company’s stock after selling 255,908 shares during the quarter. SS&C Technologies accounts for about 1.4% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 25th largest position. Diamond Hill Capital Management Inc.’s holdings in SS&C Technologies were worth $275,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Argent Trust Co lifted its stake in SS&C Technologies by 0.8% in the third quarter. Argent Trust Co now owns 15,914 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 126 shares during the last quarter. AXA S.A. increased its position in SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after buying an additional 130 shares during the last quarter. Private Trust Co. NA raised its stake in shares of SS&C Technologies by 36.0% in the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock valued at $44,000 after buying an additional 133 shares during the period. Signaturefd LLC lifted its position in shares of SS&C Technologies by 3.9% during the 4th quarter. Signaturefd LLC now owns 3,785 shares of the technology company’s stock valued at $331,000 after buying an additional 141 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock worth $1,510,000 after acquiring an additional 142 shares during the period. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Down 0.4%

Shares of SS&C Technologies stock opened at $66.95 on Friday. The company’s 50-day moving average price is $69.02 and its 200-day moving average price is $77.74. 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 Holdings, Inc. has a 12-month low of $64.51 and a 12-month high of $91.07. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 20.73 and a beta of 1.12.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. SS&C Technologies’s revenue for the quarter was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SSNC. UBS Group boosted their price objective on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Jefferies Financial Group cut their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. 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. Finally, Morgan Stanley lowered 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 report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $96.13.

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.