AMJ Financial Wealth Management acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,932 shares of the technology company’s stock, valued at approximately $793,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Caldwell Trust Co bought a new position in SS&C Technologies during the 2nd quarter worth $27,000. Quent Capital LLC acquired a new stake in shares of SS&C Technologies during the 3rd quarter worth $39,000. Cornerstone Planning Group LLC grew its holdings in shares of SS&C Technologies by 1,890.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after purchasing an additional 416 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies in the second quarter worth $40,000. Finally, Root Financial Partners LLC acquired a new position in SS&C Technologies in the third quarter valued at about $42,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
Insider Activity
In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the transaction, the director owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% 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. 16.40% of the stock is owned by corporate insiders.
SS&C Technologies Stock Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.62 billion. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.
SS&C Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, March 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.18%.
Wall Street Analyst Weigh In
Several equities analysts have commented on SSNC shares. Jefferies Financial Group raised their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $106.00 price objective on shares of SS&C Technologies in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.
Read Our Latest Stock Report on SSNC
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.
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