Benjamin Edwards Inc. Decreases Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Benjamin Edwards Inc. reduced its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 65.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,517 shares of the technology company's stock after selling 66,839 shares during the quarter. Benjamin Edwards Inc.'s holdings in SS&C Technologies were worth $2,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Havemeyer Place LP bought a new position in SS&C Technologies in the 4th quarter worth about $26,000. EFG International AG purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $29,000. Jones Financial Companies Lllp bought a new position in shares of SS&C Technologies in the second quarter worth approximately $25,000. Osterweis Capital Management Inc. purchased a new stake in SS&C Technologies in the second quarter valued at approximately $40,000. Finally, Fifth Third Bancorp lifted its position in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock valued at $42,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Down 0.5%

SSNC stock opened at $82.97 on Tuesday. The stock has a market capitalization of $19.47 billion, a P/E ratio of 23.84 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $90.26. The business has a fifty day moving average price of $73.85 and a 200-day moving average price of $71.06.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $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. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies's payout ratio is presently 34.48%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on 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. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an "outperform" rating in a report on Monday. Weiss Ratings raised shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.38.

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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