Reinhart Partners LLC. Sells 14,188 Shares of SS&C Technologies Holdings, Inc. $SSNC

Reinhart Partners LLC. lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,082 shares of the technology company’s stock after selling 14,188 shares during the period. Reinhart Partners LLC.’s holdings in SS&C Technologies were worth $5,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of SS&C Technologies during the second quarter valued at $1,043,987,000. Pzena Investment Management LLC purchased a new position in SS&C Technologies in the 2nd quarter worth $684,819,000. Swedbank AB lifted its position in SS&C Technologies by 15.0% during the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after acquiring an additional 563,196 shares during the period. Dimensional Fund Advisors LP grew its stake in SS&C Technologies by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock valued at $210,508,000 after purchasing an additional 60,089 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new position in shares of SS&C Technologies in the second quarter valued at about $178,337,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.5%

Shares of SSNC opened at $81.03 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $89.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $19.01 billion, a price-to-earnings ratio of 23.28 and a beta of 1.09. The stock’s 50-day moving average price is $80.62 and its 200-day moving average price is $72.54.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%. 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 business earned $1.45 earnings per share. SS&C Technologies’s quarterly revenue was up 10.3% on a year-over-year basis. 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, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies’s payout ratio is currently 34.48%.

Analyst Ratings Changes

SSNC has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating and set a $101.00 target price on shares of SS&C Technologies in a report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. BWS Financial restated a “buy” rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Weiss Ratings raised shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given 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 target price of $92.62.

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company’s platforms support investment management, fund administration, portfolio accounting, trading, wealth management, and financial reporting.

SS&C also provides services and software for healthcare organizations, including revenue cycle management, claims processing, and related administrative functions. Its products are used by asset managers, hedge funds, private equity firms, insurance companies, banks, financial advisors, and healthcare providers.

Founded in 1986 by William C.