Legal & General Group Plc Sells 53,043 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Legal & General Group Plc reduced its SS&C Technologies stake by 4.2% in the fourth quarter, selling 53,043 shares and leaving it with about 1.21 million shares worth roughly $105.4 million.
• Institutional ownership in SS&C remains heavy, with big holders like Vanguard, Pzena, and State Street also adding shares; overall, 96.9% of the stock is owned by institutions.
• SS&C reported quarterly earnings and revenue that topped estimates, and it also declared a $0.27 quarterly dividend to be paid June 15, while analysts currently rate the stock a “Moderate Buy” with an average target price of $96.13.

Legal & General Group Plc trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,205,646 shares of the technology company's stock after selling 53,043 shares during the quarter. Legal & General Group Plc owned approximately 0.49% of SS&C Technologies worth $105,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of SS&C Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company's stock valued at $1,794,908,000 after purchasing an additional 74,170 shares during the period. Pzena Investment Management LLC raised its holdings in shares of SS&C Technologies by 1.4% in the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company's stock valued at $901,613,000 after purchasing an additional 137,691 shares during the period. State Street Corp raised its holdings in shares of SS&C Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 5,938,535 shares of the technology company's stock valued at $527,104,000 after purchasing an additional 117,983 shares during the period. Swedbank AB raised its holdings in shares of SS&C Technologies by 0.9% in the 4th quarter. Swedbank AB now owns 3,744,599 shares of the technology company's stock valued at $327,353,000 after purchasing an additional 34,266 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SS&C Technologies by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,979,431 shares of the technology company's stock valued at $264,435,000 after purchasing an additional 50,757 shares during the period. 96.90% of the stock is owned by institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. This represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director owned 18,404 shares in the company, valued at approximately $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 quarter, insiders sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a "buy" rating in a report on Friday, April 24th. Morgan Stanley dropped their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday, April 24th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 21st. Weiss Ratings cut shares of SS&C Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, May 8th. Finally, DA Davidson reiterated a "buy" rating and issued a $96.00 price target on shares of SS&C Technologies in a research note 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, SS&C Technologies presently has an average rating of "Moderate Buy" and an average target price of $96.13.

SS&C Technologies Stock Up 0.6%

Shares of SSNC opened at $66.11 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $64.51 and a 52 week high of $91.07. The firm has a market cap of $15.92 billion, a P/E ratio of 20.47 and a beta of 1.12. The firm's 50-day simple moving average is $68.46 and its 200 day simple moving average is $77.09. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating 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 quarter in the prior year, the business earned $1.44 EPS. SS&C Technologies's quarterly 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, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.27 dividend. The ex-dividend date is 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 is 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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