BNP Paribas Financial Markets Has $15.65 Million Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• BNP Paribas Financial Markets cut its SS&C Technologies stake by 52% in the fourth quarter, leaving it with 179,050 shares worth about $15.65 million.
• SS&C Technologies reported better-than-expected Q1 earnings, posting $1.69 EPS versus estimates of $1.65 and revenue of $1.65 billion, up 8.8% year over year.
• The company declared a quarterly dividend of $0.27 per share, while analysts currently rate the stock a Moderate Buy with a consensus price target of $96.13.

BNP Paribas Financial Markets trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 52.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,050 shares of the technology company's stock after selling 193,585 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of SS&C Technologies worth $15,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Norges Bank purchased a new position in SS&C Technologies in the fourth quarter valued at about $242,846,000. Alliancebernstein L.P. boosted its stake in shares of SS&C Technologies by 503.0% during the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company's stock worth $111,976,000 after acquiring an additional 1,052,331 shares in the last quarter. Junto Capital Management LP bought a new stake in shares of SS&C Technologies during the 3rd quarter worth about $89,281,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in SS&C Technologies during the 3rd quarter valued at approximately $64,795,000. Finally, First Trust Advisors LP boosted its stake in SS&C Technologies by 114.2% during the 3rd quarter. First Trust Advisors LP now owns 772,290 shares of the technology company's stock valued at $68,548,000 after purchasing an additional 411,717 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Trading Up 0.7%

Shares of SSNC opened at $69.91 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $64.51 and a 1 year high of $91.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $68.28 and a 200-day simple moving average of $76.47. The stock has a market cap of $16.84 billion, a PE ratio of 21.64 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly 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. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same period last year, the firm posted $1.44 EPS. The business's revenue was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. SS&C Technologies's dividend payout ratio (DPR) is 33.44%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings downgraded SS&C Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 8th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. UBS Group upped their price target on SS&C Technologies from $112.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, April 24th. Needham & Company LLC reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 24th. Finally, DA Davidson reiterated a "buy" rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $96.13.

Insider Buying and Selling at SS&C Technologies

In related news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The stock was 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 of the company's stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.

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