California State Teachers Retirement System Has $22.36 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

California State Teachers Retirement System cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 360,391 shares of the technology company's stock after selling 82,172 shares during the period. California State Teachers Retirement System owned about 0.15% of SS&C Technologies worth $22,362,262 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SSNC. Jones Financial Companies Lllp purchased a new position in SS&C Technologies during the 2nd quarter valued at about $25,000. Havemeyer Place LP purchased a new stake in SS&C Technologies in the fourth quarter valued at about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the second quarter valued at approximately $31,000. Johnson Financial Group Inc. acquired a new stake in SS&C Technologies during the second quarter worth about $43,000. Finally, Westpac Banking Corp purchased a new stake in shares of SS&C Technologies during the second quarter worth $46,000. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

SSNC traded up $0.52 on Tuesday, reaching $81.73. 481,522 shares of the company's stock were exchanged, compared to its average volume of 2,223,117. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.22. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The stock's fifty day moving average price is $77.30 and its 200-day moving average price is $71.77. The stock has a market cap of $19.18 billion, a PE ratio of 23.49 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. SS&C Technologies's dividend payout ratio (DPR) is 34.48%.

Analyst Ratings Changes

A number of research firms have recently commented on SSNC. 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. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Jefferies Financial Group lowered their price target on 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. 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. Finally, BWS Financial reissued a "buy" rating on shares of SS&C Technologies in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and an average price target of $92.62.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc NASDAQ: SSNC provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.

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