Norges Bank Acquires New Stake in SS&C Technologies Holdings, Inc. $SSNC

Norges Bank acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,777,920 shares of the technology company’s stock, valued at approximately $242,846,000.

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

Analysts Set New Price Targets

SSNC has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, April 27th. Weiss Ratings downgraded SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Morgan Stanley reduced their target price 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, Jefferies Financial Group reduced their target price on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned 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 an average price target of $96.13.

Insider Activity

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business’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 transaction, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. 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 in the last three months. 16.00% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Down 1.2%

NASDAQ:SSNC opened at $68.22 on Wednesday. The company has a market capitalization of $16.43 billion, a PE ratio of 21.12 and a beta of 1.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 52-week low of $64.51 and a 52-week high of $91.07. The stock has a fifty day simple moving average of $68.32 and a 200-day simple moving average of $76.85.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $1.44 EPS. The business’s 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, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced 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 of this dividend is Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.6%. SS&C Technologies’s payout ratio is presently 33.44%.

SS&C Technologies 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.