Jefferies Financial Group Inc. Invests $3.02 Million in SS&C Technologies Holdings, Inc. $SSNC

Jefferies Financial Group Inc. purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 48,670 shares of the technology company's stock, valued at approximately $3,020,000.

A number of other hedge funds have also bought and sold shares of SSNC. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in SS&C Technologies by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company's stock worth $18,628,000 after buying an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA increased its position in shares of SS&C Technologies by 29.4% in the fourth quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company's stock valued at $10,645,000 after acquiring an additional 27,686 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SS&C Technologies by 122.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company's stock worth $3,670,000 after acquiring an additional 23,125 shares in the last quarter. Skylands Capital LLC raised its holdings in SS&C Technologies by 71.6% during the first quarter. Skylands Capital LLC now owns 138,475 shares of the technology company's stock worth $9,357,000 after acquiring an additional 57,775 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in SS&C Technologies during the fourth quarter valued at approximately $2,203,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SSNC shares. UBS Group reiterated a "buy" rating and set a $99.00 price objective on shares of SS&C Technologies in a research note on Thursday, August 13th. 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. JPMorgan Chase & Co. cut their price target 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. Jefferies Financial Group lowered their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.25.

SS&C Technologies Trading Down 0.1%

Shares of SS&C Technologies stock opened at $83.42 on Friday. 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 business has a fifty day simple moving average of $73.49 and a two-hundred day simple moving average of $71.04. 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 market capitalization 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 issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. 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. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's payout ratio 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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