364,011 Shares in SS&C Technologies Holdings, Inc. $SSNC Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC initiated a position in SS&C Technologies by purchasing 364,011 shares worth approximately $22.5 million. Institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $91.25, despite some recent target-price reductions.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue. The company also raised its quarterly dividend to $0.30 per share, equivalent to a 1.4% yield.

Hsbc Holdings PLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 364,011 shares of the technology company's stock, valued at approximately $22,543,000. Hsbc Holdings PLC owned approximately 0.16% of SS&C Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSNC. Millennium Management LLC boosted its position in shares of SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company's stock worth $14,754,000 after buying an additional 137,301 shares during the period. NewEdge Advisors LLC grew its holdings in shares of SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company's stock worth $216,000 after buying an additional 2,549 shares in the last quarter. Goldman Sachs Group Inc. raised its position in SS&C Technologies by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company's stock valued at $57,664,000 after buying an additional 97,247 shares during the last quarter. Focus Partners Wealth raised its position in SS&C Technologies by 35.1% in the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company's stock valued at $782,000 after buying an additional 2,431 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company's stock valued at $47,171,000 after acquiring an additional 86,606 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SSNC shares. UBS Group reaffirmed a "buy" rating and set a $99.00 price target on shares of SS&C Technologies in a research note on Thursday, August 13th. Jefferies Financial Group cut their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. DA Davidson restated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. JPMorgan Chase & Co. decreased their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $83.47 on Friday. The stock has a 50 day moving average price of $73.13 and a 200 day moving average price of $70.95. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.26. 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 $19.59 billion, a PE ratio of 23.99 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $1.45 EPS. The business's quarterly revenue was up 10.3% on a year-over-year basis. 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. Analysts predict 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 paid a $0.30 dividend. This is a boost 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 dividend payout ratio (DPR) is 31.03%.

SS&C Technologies Company 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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