Amundi Sells 110,915 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Amundi reduced its SS&C Technologies stake by 6.1% in the second quarter, selling 110,915 shares and retaining 1.71 million shares valued at approximately $105.8 million. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies reported quarterly EPS of $1.76, exceeding estimates of $1.68, while revenue rose 10.3% year over year to $1.70 billion. The company also increased its quarterly dividend from $0.27 to $0.30 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $92.62, compared with the stock’s reported price of $79.34; price targets range from $87 to $101.

Amundi lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,705,438 shares of the technology company's stock after selling 110,915 shares during the quarter. Amundi owned about 0.73% of SS&C Technologies worth $105,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SSNC. AXA S.A. grew its stake in shares of SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company's stock valued at $776,000 after acquiring an additional 130 shares during the period. Cullen Frost Bankers Inc. raised its stake in SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company's stock worth $1,510,000 after acquiring an additional 142 shares during the period. AlphaCore Capital LLC lifted its holdings in SS&C Technologies by 3.5% during the fourth quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company's stock valued at $394,000 after purchasing an additional 154 shares in the last quarter. 1620 Investment Advisors Inc. lifted its holdings in SS&C Technologies by 10.3% during the fourth quarter. 1620 Investment Advisors Inc. now owns 1,711 shares of the technology company's stock valued at $150,000 after purchasing an additional 160 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of SS&C Technologies by 2.5% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,503 shares of the technology company's stock worth $577,000 after purchasing an additional 160 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 1.4%

SSNC stock opened at $79.34 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.26. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 22.80 and a beta of 1.09. 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 firm's fifty day simple moving average is $76.42 and its two-hundred day simple moving average is $71.57.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm 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 earned $1.45 EPS. The business's 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. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. SS&C Technologies's dividend payout ratio (DPR) is presently 34.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. BWS Financial reaffirmed a "buy" rating on shares of SS&C Technologies in a report on Wednesday. JPMorgan Chase & Co. cut their price target on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. DA Davidson reissued a "buy" rating and set a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. Finally, UBS Group restated a "buy" rating and issued a $101.00 price objective on shares of SS&C Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.62.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc NASDAQ: SSNC provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.

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