Kingsview Wealth Management LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 80,448 shares of the technology company’s stock, valued at approximately $4,992,000.
A number of other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in SS&C Technologies in the second quarter valued at approximately $25,000. Havemeyer Place LP bought a new stake in SS&C Technologies during the fourth quarter worth $26,000. EFG International AG bought a new stake in SS&C Technologies during the fourth quarter worth $29,000. Osterweis Capital Management Inc. acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at $40,000. Finally, Fifth Third Bancorp boosted its holdings in shares of SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after purchasing an additional 329 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SSNC shares. Weiss Ratings raised SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, July 24th. JPMorgan Chase & Co. decreased their target price on 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. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.25.
SS&C Technologies Stock Down 0.1%
Shares of NASDAQ SSNC opened at $83.42 on Friday. The company has a 50 day simple moving average of $73.49 and a 200 day simple moving average of $71.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $90.26. The firm has a market cap of $19.57 billion, a PE ratio of 23.97 and a beta of 1.07.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. 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 forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current 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 is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s payout ratio is presently 34.48%.
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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