Cantillon Capital Management LLC Cuts Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Cantillon Capital Management cut its SS&C Technologies stake by 11.9% in the first quarter, selling 505,400 shares and leaving it with 3,753,093 shares worth about $253.6 million.
• Recent analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $96.12. Several firms adjusted targets and ratings, including upgrades from Wall Street Zen and UBS.
• SS&C reported solid quarterly results, beating EPS and revenue estimates, and also maintained shareholder returns with a quarterly dividend of $0.27 per share, or $1.08 annually.

Cantillon Capital Management LLC lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,753,093 shares of the technology company's stock after selling 505,400 shares during the quarter. SS&C Technologies makes up 1.7% of Cantillon Capital Management LLC's portfolio, making the stock its 28th biggest position. Cantillon Capital Management LLC owned 1.56% of SS&C Technologies worth $253,596,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AXA S.A. increased its holdings in SS&C Technologies by 1.4% during the second quarter. AXA S.A. now owns 9,372 shares of the technology company's stock valued at $776,000 after buying an additional 130 shares during the period. Private Trust Co. NA lifted its holdings in SS&C Technologies by 36.0% during the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company's stock worth $44,000 after buying an additional 133 shares during the period. Signaturefd LLC boosted its position in SS&C Technologies by 3.9% during the 4th quarter. Signaturefd LLC now owns 3,785 shares of the technology company's stock valued at $331,000 after acquiring an additional 141 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position 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 valued at $1,510,000 after acquiring an additional 142 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of SS&C Technologies by 6.9% in the 3rd quarter. Allworth Financial LP now owns 2,312 shares of the technology company's stock valued at $205,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of several recent research reports. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Morgan Stanley dropped their price objective on SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group cut their target price on SS&C Technologies from $105.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of SS&C Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, May 8th. Finally, UBS Group increased their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Activity

In other SS&C Technologies 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 completion of the sale, the director owned 79,384 shares of the company's stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the business's 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 sale, the director owned 18,404 shares in the company, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 8,740 shares of company stock valued at $583,576. Corporate insiders own 16.00% of the company's stock.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $69.56 on Monday. The firm's fifty day simple moving average is $66.63 and its two-hundred day simple moving average is $72.18. The firm has a market capitalization of $16.75 billion, a P/E ratio of 21.54 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts forecast that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. SS&C Technologies's dividend payout ratio (DPR) is 33.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.