Storgate LLC Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Storgate LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 13,106 shares of the technology company’s stock, valued at approximately $1,146,000. SS&C Technologies comprises about 0.9% of Storgate LLC’s investment portfolio, making the stock its 11th largest position.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of SS&C Technologies by 374.3% during the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after acquiring an additional 108,746 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SS&C Technologies by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock valued at $18,628,000 after acquiring an additional 16,278 shares during the last quarter. Cibc World Market Inc. bought a new stake in SS&C Technologies during the 3rd quarter valued at approximately $1,414,000. Assenagon Asset Management S.A. boosted its stake in SS&C Technologies by 245.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 46,397 shares of the technology company’s stock valued at $4,056,000 after purchasing an additional 32,963 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in SS&C Technologies by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,979,431 shares of the technology company’s stock valued at $264,435,000 after purchasing an additional 50,757 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $67.68 on Friday. The stock has a 50 day moving average of $68.40 and a two-hundred day moving average of $75.97. 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 capitalization of $16.30 billion, a P/E ratio of 20.95 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS 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 company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company earned $1.44 EPS. The company’s quarterly revenue 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. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.27 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director owned 18,404 shares in the company, 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 the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,740 shares of company stock valued at $583,576 in the last quarter. Corporate insiders own 16.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC decreased their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group increased their target price 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. Morgan Stanley decreased their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Finally, DA Davidson restated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, April 27th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.13.

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.