Royal Bank of Canada Sells 96,979 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Royal Bank of Canada cut its SS&C Technologies stake by 38%, selling 96,979 shares and retaining 158,396 shares valued at approximately $10.7 million. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in adjusted EPS on $1.70 billion in revenue, with revenue up 10.3% year over year. The company also reaffirmed FY 2026 EPS guidance of $6.93–$7.25.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and a $93.25 average price target, compared with a recent share price of $79.23.

Royal Bank of Canada lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,396 shares of the technology company's stock after selling 96,979 shares during the period. Royal Bank of Canada owned about 0.07% of SS&C Technologies worth $10,702,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Havemeyer Place LP bought a new stake in shares of SS&C Technologies during the 4th quarter worth $26,000. EFG International AG bought a new position in SS&C Technologies during the fourth quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in SS&C Technologies during the fourth quarter valued at about $37,000. Osterweis Capital Management Inc. purchased a new stake in SS&C Technologies during the second quarter worth about $40,000. Finally, Fifth Third Bancorp increased its holdings in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock worth $42,000 after buying an additional 329 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $79.23 on Friday. The firm has a market capitalization of $18.59 billion, a PE ratio of 22.77 and a beta of 1.07. 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 company has a 50-day moving average price of $69.30 and a two-hundred day moving average price of $71.04. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. 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. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. SS&C Technologies's dividend payout ratio is currently 31.03%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSNC. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. Royal Bank Of Canada lifted their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their price objective on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Morgan Stanley reduced their price objective on SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of SS&C Technologies in a research report on Wednesday. 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 company's stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

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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