Reinhart Partners LLC. Boosts Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Reinhart Partners LLC. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,270 shares of the technology company’s stock after acquiring an additional 18,208 shares during the quarter. Reinhart Partners LLC.’s holdings in SS&C Technologies were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SSNC. Millennium Management LLC increased its stake in SS&C Technologies by 349.1% in the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after buying an additional 137,301 shares during the period. NewEdge Advisors LLC increased its stake in shares of SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after acquiring an additional 2,549 shares during the period. Goldman Sachs Group Inc. raised its holdings in SS&C Technologies by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after purchasing an additional 97,247 shares in the last quarter. Focus Partners Wealth raised its holdings in SS&C Technologies by 35.1% during the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Invesco Ltd. lifted its position in SS&C Technologies by 17.9% in the second quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after purchasing an additional 86,606 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada raised their price target on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Jefferies Financial Group decreased their price target on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. Finally, Morgan Stanley cut their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.25.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction 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 directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is currently owned by insiders.

SS&C Technologies Stock Down 0.8%

SSNC stock opened at $79.23 on Friday. 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 company’s 50-day moving average price is $69.30 and its 200 day moving average price is $71.04. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The company has a market cap of $18.59 billion, a P/E ratio of 22.77 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) 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 company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue 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. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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

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.