EP Wealth Advisors LLC Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• EP Wealth Advisors initiated a new position in SS&C Technologies, purchasing 97,461 shares valued at approximately $6.05 million. Institutional investors collectively own 96.9% of the company.
• SS&C reported stronger-than-expected quarterly results, with EPS of $1.76 versus the $1.68 consensus and revenue of $1.70 billion, up 10.3% year over year.
• The company raised its quarterly dividend from $0.27 to $0.30 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.25.

EP Wealth Advisors LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 97,461 shares of the technology company's stock, valued at approximately $6,047,000.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. AXA S.A. raised its position in shares of SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company's stock valued at $776,000 after acquiring an additional 130 shares during the last quarter. Private Trust Co. NA boosted its position in shares of SS&C Technologies by 36.0% in the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company's stock worth $44,000 after purchasing an additional 133 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of SS&C Technologies by 0.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company's stock worth $1,510,000 after purchasing an additional 142 shares during the period. AlphaCore Capital LLC grew its stake in shares of SS&C Technologies by 3.5% during the fourth quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company's stock worth $394,000 after purchasing an additional 154 shares during the period. Finally, United Community Bank increased its holdings in SS&C Technologies by 13.7% in the fourth quarter. United Community Bank now owns 1,285 shares of the technology company's stock valued at $112,000 after purchasing an additional 155 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

SS&C Technologies Stock Performance

SSNC stock opened at $82.95 on Friday. The business's 50-day moving average price is $71.82 and its two-hundred day moving average price is $70.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market cap of $19.46 billion, a PE ratio of 23.84 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its 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 return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The company's revenue was up 10.3% on a year-over-year basis. 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, research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. Royal Bank Of Canada upped their price target on SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. UBS Group reiterated a "buy" rating and issued a $99.00 price target on shares of SS&C Technologies in a research report on Thursday, August 13th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group decreased their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.25.

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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