Key Points
- SS&C Technologies director Jonathan Michael sold 2,740 shares on May 20 at an average price of $66.86, totaling $183,196.40. After the sale, he still held 79,384 shares, reducing his ownership by 3.34%.
- The company reported stronger-than-expected quarterly results, posting EPS of $1.69 versus estimates of $1.65 and revenue of $1.65 billion versus $1.63 billion expected. Revenue rose 8.8% year over year, and SS&C guided Q2 2026 EPS to $1.64-$1.70.
- SS&C declared a quarterly dividend of $0.27 per share, payable June 15 to shareholders of record on June 1. That works out to an annualized dividend of $1.08 and a yield of 1.6%.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) Director Jonathan 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 transaction of $183,196.40. Following the completion of the sale, the director directly owned 79,384 shares in the company, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
SS&C Technologies Trading Up 0.1%
Shares of SSNC opened at $67.04 on Friday. The firm's 50 day simple moving average is $68.90 and its 200 day simple moving average is $77.66. The company has a market capitalization of $16.15 billion, a P/E ratio of 20.76 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies Holdings, Inc. has a 1-year low of $64.51 and a 1-year high of $91.07.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. SS&C Technologies's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.
SS&C Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. SS&C Technologies's dividend payout ratio (DPR) is currently 33.44%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service grew its position in SS&C Technologies by 27.2% during the third quarter. National Pension Service now owns 186,824 shares of the technology company's stock valued at $16,582,000 after acquiring an additional 39,984 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SS&C Technologies by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company's stock valued at $68,147,000 after acquiring an additional 22,547 shares during the last quarter. Teacher Retirement System of Texas grew its position in SS&C Technologies by 374.3% during the fourth 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. grew its position in SS&C Technologies by 8.1% during the fourth 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. Finally, Cibc World Market Inc. bought a new position in SS&C Technologies during the third quarter valued at approximately $1,414,000. 96.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on SSNC. Morgan Stanley lowered their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, April 24th. Weiss Ratings downgraded shares of SS&C Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, May 8th. UBS Group raised their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Jefferies Financial Group lowered their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. Finally, Needham & Company LLC reduced 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 report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $96.13.
Get Our Latest Report on SS&C Technologies
About SS&C Technologies
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
