Legal & General Group Plc Invests $71.33 Million in SS&C Technologies Holdings, Inc. $SSNC

Legal & General Group Plc acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,149,636 shares of the technology company's stock, valued at approximately $71,335,000. Legal & General Group Plc owned about 0.49% of SS&C Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in SS&C Technologies during the second quarter valued at about $1,606,000. Jones Financial Companies Lllp bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $7,704,000. Algert Global LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $5,527,000. Finally, Cibc World Market Inc. bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $566,000. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

SSNC has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. UBS Group reissued a "buy" rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. Royal Bank Of Canada raised their price objective on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Jefferies Financial Group decreased their target price on shares of 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. Finally, 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. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.25.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $83.47 on Friday. The business has a 50 day simple moving average of $73.13 and a 200 day simple moving average of $70.95. 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 company has a market capitalization of $19.59 billion, a PE ratio of 23.99 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share 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 for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The business's revenue was up 10.3% compared to the same quarter last year. 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. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS 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 given a dividend of $0.30 per share. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies's dividend payout ratio is 31.03%.

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.

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