Prana Capital Management LP Sells 121,101 Shares of SS&C Technologies Holdings, Inc. $SSNC

Prana Capital Management LP trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 21.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,914 shares of the technology company’s stock after selling 121,101 shares during the period. SS&C Technologies comprises 1.3% of Prana Capital Management LP’s investment portfolio, making the stock its 27th largest position. Prana Capital Management LP owned 0.18% of SS&C Technologies worth $39,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of SS&C Technologies during the second quarter worth approximately $221,558,000. Alliancebernstein L.P. boosted its stake in shares of SS&C Technologies by 503.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock valued at $111,976,000 after purchasing an additional 1,052,331 shares in the last quarter. Junto Capital Management LP purchased a new stake in shares of SS&C Technologies in the 3rd quarter valued at $89,281,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of SS&C Technologies during the 3rd quarter valued at $64,795,000. Finally, Sunriver Management LLC purchased a new position in SS&C Technologies in the 2nd quarter worth $40,104,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SSNC shares. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. Wall Street Zen downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC lowered their target price on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 6th. DA Davidson restated a “buy” rating and set a $106.00 target price on shares of SS&C Technologies in a report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.00.

SS&C Technologies Trading Up 1.4%

Shares of SSNC opened at $72.62 on Wednesday. The stock has a market capitalization of $17.54 billion, a P/E ratio of 22.98 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a twelve month low of $69.00 and a twelve month high of $91.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $77.94 and a two-hundred day simple moving average of $83.29.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 34.18%.

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.