Headlands Technologies LLC Has $3.55 Million Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Headlands Technologies LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 33.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,158 shares of the technology company's stock after buying an additional 14,208 shares during the quarter. Headlands Technologies LLC's holdings in SS&C Technologies were worth $3,547,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. AXA S.A. increased its stake in shares of SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company's stock worth $776,000 after acquiring an additional 130 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in 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 valued at $1,510,000 after purchasing an additional 142 shares during the last quarter. AlphaCore Capital LLC grew its stake in SS&C Technologies by 3.5% in the fourth quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company's stock valued at $394,000 after purchasing an additional 154 shares in the last quarter. 1620 Investment Advisors Inc. raised its stake in shares of SS&C Technologies by 10.3% during the 4th quarter. 1620 Investment Advisors Inc. now owns 1,711 shares of the technology company's stock worth $150,000 after purchasing an additional 160 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of SS&C Technologies by 2.5% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,503 shares of the technology company's stock valued at $577,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $83.42 on Monday. The business's 50-day simple moving average is $73.49 and its 200-day simple moving average is $71.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.26. 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 (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $1.45 EPS. The company's revenue for the quarter 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, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 1.4%. The ex-dividend date is Tuesday, September 1st. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio (DPR) is 31.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SSNC shares. DA Davidson reissued a "buy" rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Royal Bank Of Canada lifted their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. UBS Group restated a "buy" rating and set a $99.00 price target on shares of SS&C Technologies in a research note on Thursday, August 13th. Finally, 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. 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 target price of $91.25.

SS&C Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source