Sun Sep 15 12:40:54 UTC 2024: ## Qsemble Capital Management Reduces Stake in SS&C Technologies

**New York, NY – September 15, 2024** – Qsemble Capital Management LP has significantly reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) during the second quarter, according to HoldingsChannel.com. The firm sold 14,440 shares, decreasing its stake by 80.7% and leaving them with 3,452 shares worth $216,000 at the end of the reporting period.

This move comes amidst a flurry of activity by other institutional investors. Pzena Investment Management LLC, Burgundy Asset Management Ltd., Franklin Resources Inc., and Price T Rowe Associates Inc. MD all increased their stakes in SS&C Technologies during the first and fourth quarters. Meanwhile, Norges Bank acquired a new stake in the company during the fourth quarter. Overall, institutional investors currently hold 96.95% of SS&C Technologies’ stock.

SS&C Technologies’ stock opened at $74.74 on Friday, with a 50-day moving average of $70.76 and a 200-day moving average of $65.31. The company has a 52-week low of $46.61 and a 52-week high of $75.10. The company announced a quarterly dividend of $0.25 per share, payable on September 16th, representing an annualized yield of 1.34%.

Recent insider transactions include the sale of 412,190 shares by COO Rahul Kanwar on August 21st and the sale of 7,500 shares by Director Michael Jay Zamkow on June 17th. In the past 90 days, insiders have sold a total of 468,190 shares worth $34,031,675, representing 15.40% of the company’s stock.

Analysts remain optimistic about SS&C Technologies’ future. Royal Bank of Canada, Needham & Company LLC, and DA Davidson have all upgraded their price targets and issued “buy” ratings. The company currently has an average rating of “Moderate Buy” and an average target price of $70.75, according to MarketBeat.com.

SS&C Technologies provides software products and services to financial services and healthcare industries. The company’s technology stack spans various functions, including securities accounting, front-office operations, middle-office operations, back-office functions, and healthcare solutions.

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