Engineers Gate Manager LP Sells 193,834 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Engineers Gate Manager LP reduced its SS&C Technologies stake by 66.5% in the second quarter, selling 193,834 shares and retaining 97,595 shares valued at approximately $6.1 million.
• Analysts remain broadly positive, with SS&C carrying a “Moderate Buy” consensus rating and an average price target of $92.62; the stock recently traded at $80.27.
• SS&C exceeded quarterly earnings and revenue expectations, while reporting 10.3% year-over-year revenue growth and raising its quarterly dividend from $0.27 to $0.30 per share.

Engineers Gate Manager LP cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 66.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,595 shares of the technology company's stock after selling 193,834 shares during the quarter. Engineers Gate Manager LP's holdings in SS&C Technologies were worth $6,056,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of SS&C Technologies by 4,952.9% in the 2nd quarter. California State Teachers Retirement System now owns 22,362,262 shares of the technology company's stock worth $1,387,578,000 after purchasing an additional 21,919,699 shares during the period. BlackRock Inc. purchased a new position in SS&C Technologies during the second quarter valued at approximately $1,043,987,000. Pzena Investment Management LLC bought a new position in SS&C Technologies in the second quarter worth approximately $684,819,000. Bank of Montreal Can raised its stake in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock worth $448,132,000 after buying an additional 5,012,893 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in SS&C Technologies during the second quarter worth $178,337,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Royal Bank Of Canada upped their price objective on SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. UBS Group reaffirmed a "buy" rating and set a $101.00 price objective on shares of SS&C Technologies in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $92.62.

SS&C Technologies Price Performance

Shares of SSNC opened at $80.27 on Friday. The company has a 50 day moving average of $76.98 and a two-hundred day moving average of $71.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. 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 market cap of $18.84 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09.

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, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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%.

SS&C Technologies Company 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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