West Family Investments Inc. bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,971 shares of the technology company’s stock, valued at approximately $557,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Havemeyer Place LP acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at $26,000. EFG International AG acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $29,000. Osterweis Capital Management Inc. bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at $40,000. Fifth Third Bancorp increased 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 purchasing an additional 329 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of SS&C Technologies by 36.0% in the 4th 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 owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently commented on SSNC. Jefferies Financial Group dropped their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. UBS Group restated a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of SS&C Technologies in a research report on Wednesday, August 5th. DA Davidson reiterated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.25.
SS&C Technologies Stock Performance
NASDAQ:SSNC opened at $82.28 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The stock has a fifty day moving average price of $71.23 and a 200-day moving average price of $70.71. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 23.64 and a beta of 1.07.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.
SS&C Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s payout ratio is 31.03%.
Insider Buying and Selling at SS&C Technologies
In related news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies 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 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 is available through this hyperlink. Insiders own 16.00% of the company’s stock.
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.
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