Manning & Napier Advisors LLC Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Manning & Napier Advisors LLC acquired 122,407 shares of SS&C Technologies in the second quarter, worth approximately $7.7 million. Institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with SS&C carrying a consensus “Moderate Buy” rating and an average price target of $91.25, compared with its reported share price of $83.54.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue, while revenue grew 10.3% year over year. The company also raised its quarterly dividend from $0.27 to $0.30 per share.

Manning & Napier Advisors LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 122,407 shares of the technology company's stock, valued at approximately $7,704,000. Manning & Napier Advisors LLC owned approximately 0.05% of SS&C Technologies at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth about $5,527,000. Cibc World Market Inc. acquired a new position in shares of SS&C Technologies in the second quarter valued at approximately $566,000. OMERS ADMINISTRATION Corp acquired a new position in shares of SS&C Technologies in the second quarter valued at approximately $798,000. Osmosis Investment Management UK Ltd purchased a new position in shares of SS&C Technologies during the second quarter valued at approximately $525,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of SS&C Technologies during the second quarter valued at approximately $977,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Ratings Changes

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

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $83.54 on Tuesday. 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 company has a market cap of $19.60 billion, a PE ratio of 24.01 and a beta of 1.07. The company's fifty day simple moving average is $72.14 and its 200-day simple moving average is $70.79. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.81.

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, topping analysts' consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. 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 prior year, the company earned $1.45 EPS. The firm'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, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.03%.

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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