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United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

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Key Points

  • United Super Pty Ltd opened a new position in SS&C Technologies, buying 141,902 shares worth about $12.4 million in the fourth quarter, according to its SEC filing.
  • Analysts remain mostly positive on SSNC, with a Moderate Buy consensus rating and an average price target of $96.13, though some firms recently trimmed targets or downgraded the stock slightly.
  • SS&C reported solid quarterly results, beating earnings and revenue estimates, while also announcing a quarterly dividend of $0.27 per share payable June 15.
  • MarketBeat previews top five stocks to own in June.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 141,902 shares of the technology company's stock, valued at approximately $12,405,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of SS&C Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in SS&C Technologies during the 4th quarter worth approximately $37,000. Cornerstone Planning Group LLC lifted its position in SS&C Technologies by 1,890.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company's stock worth $39,000 after acquiring an additional 416 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies during the 2nd quarter worth approximately $40,000. Fifth Third Bancorp lifted its position in SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock worth $42,000 after acquiring an additional 329 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in SS&C Technologies by 36.0% during the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company's stock worth $44,000 after acquiring an additional 133 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SSNC. Weiss Ratings lowered SS&C Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 8th. 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 reduced their price target 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 reduced their price target on SS&C Technologies from $105.00 to $92.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. Finally, DA Davidson reissued a "buy" rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, April 27th. One 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 stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $96.13.

View Our Latest Stock Report on SSNC

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $66.11 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $64.51 and a twelve month 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 company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 20.47 and a beta of 1.12. The business has a 50 day simple moving average of $68.46 and a 200-day simple moving average of $77.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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 business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $1.44 EPS. The business'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. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 1st. SS&C Technologies's payout ratio is 33.44%.

Insider Buying and Selling

In other news, Director Jonathan E. Michael sold 2,740 shares of the business's stock in a transaction that occurred on 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 directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the business's stock in a transaction that occurred on 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 owned 18,404 shares of the company's stock, valued at $1,227,178.72. This trade 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 quarter. Company insiders own 16.00% of the company's stock.

About SS&C Technologies

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report).

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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.

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