Kestra Private Wealth Services LLC Lowers Stake in SS&C Technologies Holdings, Inc. $SSNC

Kestra Private Wealth Services LLC reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 63.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,382 shares of the technology company’s stock after selling 9,350 shares during the period. Kestra Private Wealth Services LLC’s holdings in SS&C Technologies were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. Bank of Montreal Can raised its position in SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after purchasing an additional 5,012,893 shares in the last quarter. Norges Bank purchased a new position in shares of SS&C Technologies in the 4th quarter worth about $242,846,000. Lyrical Asset Management LP purchased a new position in shares of SS&C Technologies in the 4th quarter worth about $220,573,000. Alliancebernstein L.P. increased its position in shares of SS&C Technologies by 503.0% during the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock valued at $111,976,000 after purchasing an additional 1,052,331 shares during the last quarter. Finally, Junto Capital Management LP bought a new position in shares of SS&C Technologies during the 3rd quarter valued at about $89,281,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SSNC shares. Needham & Company LLC decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. 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. DA Davidson reissued a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, April 27th. UBS Group boosted their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, 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 research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.12.

SS&C Technologies Price Performance

SSNC opened at $65.52 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $91.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $66.98 and its 200-day moving average price is $73.74. The company has a market cap of $15.78 billion, a P/E ratio of 20.28 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $1.44 EPS. SS&C Technologies’s quarterly 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. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio is 33.44%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the company’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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,740 shares of company stock worth $583,576 in the last 90 days. Company insiders own 16.00% of the company’s stock.

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.