SS&C Technologies (NASDAQ:SSNC) Price Target Cut to $83.00 by Analysts at Jefferies Financial Group

SS&C Technologies (NASDAQ:SSNC) had its price target decreased by Jefferies Financial Group from $92.00 to $83.00 in a research note released on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently issued reports on SSNC. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Wednesday, July 15th. 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 report on Friday, April 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley decreased their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Needham & Company LLC dropped their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.12.

SS&C Technologies Stock Down 0.1%

SSNC opened at $69.51 on Monday. The company has a fifty day moving average of $66.68 and a two-hundred day moving average of $72.04. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 21.52 and a beta of 1.11. SS&C Technologies has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $1.44 EPS. The company’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, research analysts expect that SS&C Technologies will post 6.17 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is currently owned by insiders.

Institutional Trading of SS&C Technologies

Several large investors have recently made changes to their positions in SSNC. Vanguard Group Inc. lifted its holdings in SS&C Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of SS&C Technologies by 1.4% in the fourth quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after buying an additional 137,691 shares during the last quarter. State Street Corp raised its position in shares of SS&C Technologies by 2.1% in the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after buying an additional 125,580 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after buying an additional 5,012,893 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of SS&C Technologies by 15.0% in the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after buying an additional 563,196 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

About SS&C Technologies

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.