Western Wealth Management LLC Takes $928,000 Position in SS&C Technologies Holdings, Inc. $SSNC

Western Wealth Management LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,741 shares of the technology company’s stock, valued at approximately $928,000.

A number of other hedge funds have also made changes to their positions in SSNC. Bank of Montreal Can lifted its holdings in SS&C Technologies by 4,424.6% during the 4th 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 during the last quarter. Norges Bank bought a new stake in SS&C Technologies during the fourth quarter worth about $242,846,000. Lyrical Asset Management LP acquired a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $220,573,000. Alliancebernstein L.P. increased its holdings in shares of SS&C Technologies by 503.0% during the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after buying an additional 1,052,331 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SS&C Technologies by 48.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,267,717 shares of the technology company’s stock valued at $198,244,000 after acquiring an additional 743,245 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SSNC shares. DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. UBS Group raised their price target on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Jefferies Financial Group cut their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $93.25.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $77.05 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $67.99 and its 200-day moving average is $71.15. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 22.14 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business posted $1.45 earnings per share. SS&C Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is 31.03%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares in the company, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,740 shares of company stock valued at $583,576 over the last three months. Insiders own 16.00% of the company’s stock.

SS&C Technologies 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.