Meyer Handelman Co. Purchases 13,217 Shares of SS&C Technologies Holdings, Inc. $SSNC

Meyer Handelman Co. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,527 shares of the technology company’s stock after acquiring an additional 13,217 shares during the period. Meyer Handelman Co. owned about 0.05% of SS&C Technologies worth $8,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SSNC. BTC Capital Management Inc. boosted its holdings in shares of SS&C Technologies by 19.6% in the 1st quarter. BTC Capital Management Inc. now owns 74,198 shares of the technology company’s stock valued at $5,014,000 after purchasing an additional 12,143 shares in the last quarter. Blue Trust Inc. increased its stake in shares of SS&C Technologies by 61.7% in the 1st quarter. Blue Trust Inc. now owns 1,405 shares of the technology company’s stock valued at $95,000 after purchasing an additional 536 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of SS&C Technologies during the 1st quarter worth $1,569,000. Assenagon Asset Management S.A. raised its holdings in shares of SS&C Technologies by 286.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 179,104 shares of the technology company’s stock worth $12,102,000 after buying an additional 132,707 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of SS&C Technologies by 244.3% during the 1st quarter. SG Americas Securities LLC now owns 145,503 shares of the technology company’s stock worth $9,832,000 after buying an additional 103,242 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on SSNC shares. DA Davidson reiterated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research report on Monday, April 27th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC decreased their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

Insider Buying and Selling

In other SS&C Technologies news, 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 transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the company’s 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 completion of the transaction, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock worth $583,576 over the last three months. Insiders own 16.00% of the company’s stock.

SS&C Technologies Trading Down 4.5%

Shares of SSNC stock opened at $63.02 on Friday. The firm has a market capitalization of $15.18 billion, a P/E ratio of 19.51 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a twelve month low of $62.99 and a twelve month high of $91.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $67.88 and its 200 day simple moving average is $74.61.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 yield of 1.7%. SS&C Technologies’s dividend payout ratio (DPR) is currently 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.