Kornitzer Capital Management Inc. KS Cuts Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Kornitzer Capital Management Inc. KS lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 49.2% during the 1st quarter, Holdings Channel reports. The firm owned 26,740 shares of the technology company’s stock after selling 25,902 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in SS&C Technologies were worth $1,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SSNC. Teacher Retirement System of Texas boosted its stake in SS&C Technologies by 374.3% during the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after buying an additional 108,746 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in SS&C Technologies by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after acquiring an additional 16,278 shares during the last quarter. Kepler Cheuvreux Suisse SA raised its holdings in shares of SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock worth $10,645,000 after acquiring an additional 27,686 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of SS&C Technologies by 245.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 46,397 shares of the technology company’s stock worth $4,056,000 after acquiring an additional 32,963 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of SS&C Technologies by 8.0% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 295,413 shares of the technology company’s stock valued at $25,341,000 after acquiring an additional 21,950 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $66.62 on Monday. The stock’s fifty day moving average is $66.70 and its 200 day moving average is $72.90. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The firm has a market capitalization of $16.04 billion, a PE ratio of 20.63 and a beta of 1.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the company earned $1.44 earnings per share. SS&C Technologies’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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is currently 33.44%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies 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 transaction of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction that occurred 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 sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research reports. DA Davidson restated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research report on Monday, April 27th. UBS Group increased their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley reduced their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research 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, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

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.