SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 42.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,707 shares of the technology company’s stock after selling 71,016 shares during the quarter. Fisher Asset Management LLC’s holdings in SS&C Technologies were worth $7,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC lifted its holdings in SS&C Technologies by 3.4% in the 2nd quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company’s stock valued at $304,000 after purchasing an additional 120 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of SS&C Technologies by 0.3% in the second quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock valued at $3,582,000 after buying an additional 130 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of SS&C Technologies by 12.7% during the second quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company’s stock valued at $96,000 after buying an additional 131 shares during the period. Allworth Financial LP boosted its position in SS&C Technologies by 7.2% during the second quarter. Allworth Financial LP now owns 2,162 shares of the technology company’s stock worth $179,000 after acquiring an additional 146 shares during the last quarter. Finally, MAI Capital Management grew its stake in SS&C Technologies by 11.7% in the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock worth $117,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SSNC. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Morgan Stanley increased their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Royal Bank Of Canada lifted their price target on SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, UBS Group raised their target price on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the transaction, the director owned 386,924 shares in the company, valued at approximately $33,217,425.40. The trade was a 27.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $87.82 on Friday. The business has a 50-day moving average of $84.58 and a two-hundred day moving average of $84.50. The firm has a market capitalization of $21.43 billion, a PE ratio of 26.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. SS&C Technologies’s dividend payout ratio is presently 32.05%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.