Hsbc Holdings PLC Raises Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• HSBC increased its SS&C Technologies stake by 30.4% in the second quarter, adding 84,967 shares to own 364,011 shares valued at approximately $22.5 million. Institutional investors collectively hold 96.9% of the company.
• Analysts maintain a generally positive outlook, with SS&C receiving a “Moderate Buy” consensus rating and an average price target of $92.38, above its reported trading price of $80.45.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue, while year-over-year revenue rose 10.3%. The company also raised its quarterly dividend from $0.27 to $0.30 per share, implying a 1.5% annual yield.

Hsbc Holdings PLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 30.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,011 shares of the technology company's stock after buying an additional 84,967 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of SS&C Technologies worth $22,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at $25,000. Havemeyer Place LP bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $26,000. EFG International AG purchased a new position in SS&C Technologies in the 4th quarter worth approximately $29,000. Osterweis Capital Management Inc. purchased a new position in SS&C Technologies in the 2nd quarter worth approximately $40,000. Finally, Johnson Financial Group Inc. bought a new position in shares of SS&C Technologies in the 2nd quarter worth $43,000. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SSNC. Weiss Ratings upgraded SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. Jefferies Financial Group reduced their price objective 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. Royal Bank Of Canada raised their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an "outperform" rating in a report on Monday, August 31st. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and a consensus price target of $92.38.

SS&C Technologies Trading Down 3.8%

NASDAQ SSNC opened at $80.45 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $90.26. 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 stock has a 50-day moving average of $76.11 and a 200-day moving average of $71.51. The firm has a market cap of $18.88 billion, a PE ratio of 23.12 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping 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 business had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business's quarterly 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

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

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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