Bank of New York Mellon Corp Buys Shares of 595,278 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Bank of New York Mellon acquired 595,278 shares of SS&C Technologies worth approximately $36.9 million, representing about 0.25% of the company. Institutional investors collectively own 96.9% of SSNC.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in earnings per share and $1.70 billion in revenue, up 10.3% year over year. The company also raised its quarterly dividend from $0.27 to $0.30 per share.
• Analysts maintain a generally positive outlook, with SSNC holding a consensus “Moderate Buy” rating and an average price target of $91.25, compared with a recent share price of $83.42.

Bank of New York Mellon Corp purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 595,278 shares of the technology company's stock, valued at approximately $36,937,000. Bank of New York Mellon Corp owned about 0.25% of SS&C Technologies at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SS&C Technologies by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company's stock worth $18,628,000 after buying an additional 16,278 shares during the last quarter. Kepler Cheuvreux Suisse SA grew its stake in SS&C Technologies by 29.4% in the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company's stock valued at $10,645,000 after buying an additional 27,686 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SS&C Technologies by 122.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company's stock worth $3,670,000 after acquiring an additional 23,125 shares during the period. Skylands Capital LLC lifted its position in SS&C Technologies by 71.6% during the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company's stock worth $9,357,000 after acquiring an additional 57,775 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in SS&C Technologies during the 4th quarter worth $2,203,000. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $83.42 on Friday. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 23.97 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month 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 stock has a 50-day moving average price of $73.49 and a 200 day moving average price of $71.04.

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 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. SS&C Technologies'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. Research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.30 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies's dividend payout ratio (DPR) is currently 34.48%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. Weiss Ratings upgraded shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. JPMorgan Chase & Co. cut 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 note on Monday, July 20th. Finally, UBS Group reissued a "buy" rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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