Edmond DE Rothschild Holding S.A. purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,728 shares of the technology company’s stock, valued at approximately $604,000.
Other hedge funds have also recently bought and sold shares of the company. AXA S.A. grew its position in shares of SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock valued at $776,000 after purchasing an additional 130 shares during the last quarter. Private Trust Co. NA increased its stake in shares of SS&C Technologies by 36.0% during the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after purchasing an additional 133 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock worth $1,510,000 after purchasing an additional 142 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in SS&C Technologies by 3.5% during the 4th quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company’s stock worth $394,000 after purchasing an additional 154 shares during the last quarter. Finally, United Community Bank boosted its stake in SS&C Technologies by 13.7% in the 4th quarter. United Community Bank now owns 1,285 shares of the technology company’s stock valued at $112,000 after purchasing an additional 155 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Jefferies Financial Group decreased their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Morgan Stanley dropped their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average price target of $91.25.
SS&C Technologies Trading Down 0.2%
Shares of NASDAQ:SSNC opened at $82.12 on Friday. The business’s 50 day simple moving average is $71.52 and its 200 day simple moving average is $70.71. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $19.27 billion, a P/E ratio of 23.60 and a beta of 1.07.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous 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. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.
SS&C Technologies Increases Dividend
The business also recently declared 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 dividend on an annualized basis 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 presently 31.03%.
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.
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