The Manufacturers Life Insurance Company bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 25,878 shares of the technology company’s stock, valued at approximately $1,606,000.
Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of SS&C Technologies in the second quarter worth $25,000. Havemeyer Place LP purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $26,000. EFG International AG purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $29,000. Osterweis Capital Management Inc. bought a new position in SS&C Technologies in the 2nd quarter worth $40,000. Finally, Fifth Third Bancorp boosted its holdings in SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after buying an additional 329 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on SSNC shares. JPMorgan Chase & Co. decreased their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. 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. Royal Bank Of Canada increased their target price on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Monday. 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 price target 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 assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.38.
SS&C Technologies Stock Performance
SSNC opened at $84.63 on Friday. 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 stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.09. The company has a fifty day moving average of $74.93 and a 200 day moving average of $71.29. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $90.26.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.
SS&C Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.30 dividend. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 34.48%.
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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