BlackRock Inc. acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,824,938 shares of the technology company's stock, valued at approximately $1,043,987,000. BlackRock Inc. owned approximately 7.17% of SS&C Technologies at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SSNC. Pallas Capital Advisors LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $640,000. Deutsche Bank AG bought a new position in shares of SS&C Technologies during the 2nd quarter valued at $49,838,000. Trust Co. of Vermont bought a new position in shares of SS&C Technologies during the 2nd quarter valued at $267,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SS&C Technologies in the 2nd quarter worth $15,709,000. Finally, Plato Investment Management Ltd purchased a new position in SS&C Technologies in the 2nd quarter worth $570,000. 96.90% of the stock is owned by hedge funds and other institutional investors.
SS&C Technologies Price Performance
Shares of SSNC opened at $82.95 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07. The firm has a market cap of $19.46 billion, a PE ratio of 23.84 and a beta of 1.07. The firm has a fifty day simple moving average of $71.82 and a two-hundred day simple moving average of $70.80.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.SS&C Technologies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. 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, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.
SS&C Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio is currently 31.03%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SSNC. Morgan Stanley dropped their price objective on SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, April 24th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. JPMorgan Chase & Co. decreased their price objective 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. Jefferies Financial Group lowered their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, DA Davidson reiterated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. One research 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. Based on data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.
View Our Latest Stock Analysis on SS&C Technologies
About SS&C Technologies
(
Free Report)
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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