Algert Global LLC Invests $5.53 Million in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Algert Global LLC purchased 89,080 shares of SS&C Technologies worth approximately $5.53 million, while institutional investors collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations with $1.76 in EPS and $1.70 billion in revenue, up 10.3% year over year. The company issued fiscal 2026 EPS guidance of $6.93–$7.25.
• The company increased its quarterly dividend from $0.27 to $0.30 per share, equivalent to a 1.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.25.

Algert Global LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 89,080 shares of the technology company's stock, valued at approximately $5,527,000.

Several other institutional investors have also modified their holdings of SSNC. Havemeyer Place LP purchased a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $26,000. EFG International AG purchased a new stake in SS&C Technologies during the 4th quarter worth about $29,000. Osterweis Capital Management Inc. purchased a new stake in shares of SS&C Technologies during the second quarter worth about $40,000. Fifth Third Bancorp raised 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 valued at $42,000 after acquiring an additional 329 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in SS&C Technologies in the second quarter valued at $43,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $83.47 on Friday. 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 23.99 and a beta of 1.07. The business's 50 day moving average is $73.13 and its two-hundred day moving average is $70.95.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business 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. Analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio is presently 31.03%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. DA Davidson reaffirmed a "buy" rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.25.

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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