Convergence Investment Partners LLC Purchases Shares of 17,982 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Convergence Investment Partners opened a new position in SS&C Technologies, buying 17,982 shares valued at about $1.215 million in the first quarter.
• Several other institutional investors also adjusted their holdings, while 96.9% of SS&C shares are owned by hedge funds and other institutions. Meanwhile, insiders sold shares recently, including two directors who trimmed their stakes.
• SS&C reported better-than-expected quarterly earnings of $1.69 per share on revenue of $1.65 billion, and it also paid a quarterly dividend of $0.27 per share, for an annualized yield of about 1.6%.

Convergence Investment Partners LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,982 shares of the technology company's stock, valued at approximately $1,215,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXA S.A. raised its position in SS&C Technologies by 1.4% in the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company's stock valued at $776,000 after purchasing an additional 130 shares in the last quarter. Private Trust Co. NA grew its position in shares of 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 in the last quarter. Signaturefd LLC increased its stake in shares of SS&C Technologies by 3.9% during the fourth quarter. Signaturefd LLC now owns 3,785 shares of the technology company's stock worth $331,000 after buying an additional 141 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of SS&C Technologies by 0.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company's stock worth $1,510,000 after buying an additional 142 shares during the period. Finally, Allworth Financial LP raised its holdings in SS&C Technologies by 6.9% in the third 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 in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director directly owned 18,404 shares of the company's stock, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director owned 79,384 shares of the company's stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,740 shares of company stock valued at $583,576 over the last ninety days. Corporate insiders own 16.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a report on Monday. Morgan Stanley decreased their price objective on shares of 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. Finally, Needham & Company LLC lowered their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.12.

SS&C Technologies Price Performance

SSNC stock opened at $67.92 on Wednesday. The company has a market capitalization of $16.36 billion, a P/E ratio of 21.03 and a beta of 1.11. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The business has a 50 day simple moving average of $66.70 and a 200-day simple moving average of $71.90. 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 (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.04. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm posted $1.44 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed 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 payout ratio is currently 33.44%.

SS&C Technologies Company Profile

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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