NewEdge Advisors LLC Boosts Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• NewEdge Advisors increased its SS&C Technologies stake by 218.7% in the first quarter, bringing its holdings to 32,246 shares valued at approximately $2.18 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, despite some recent target reductions.
• SS&C exceeded quarterly expectations, reporting $1.76 in adjusted EPS and $1.70 billion in revenue, up 10.3% year over year. The company also declared a quarterly dividend of $0.27 per share, representing a 1.3% yield.

NewEdge Advisors LLC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 218.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,246 shares of the technology company's stock after acquiring an additional 22,129 shares during the quarter. NewEdge Advisors LLC's holdings in SS&C Technologies were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SSNC. Teacher Retirement System of Texas raised its stake in SS&C Technologies by 374.3% in the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company's stock worth $12,046,000 after buying an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $18,628,000 after acquiring an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA grew its holdings in shares of SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company's stock worth $10,645,000 after acquiring an additional 27,686 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of SS&C Technologies by 122.7% in the 4th 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. Finally, Skylands Capital LLC lifted its stake in shares of SS&C Technologies by 71.6% in the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company's stock valued at $9,357,000 after purchasing an additional 57,775 shares during the period. Institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of SS&C Technologies in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price objective on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. 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. DA Davidson reaffirmed a "buy" rating and issued a $96.00 target price on shares of SS&C Technologies in a research report on Monday, July 27th. Finally, Jefferies Financial Group decreased their price target 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 given a Buy rating and three have assigned 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 an average price target of $91.25.

SS&C Technologies Stock Performance

Shares of SSNC opened at $81.50 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market cap of $19.12 billion, a P/E ratio of 23.42 and a beta of 1.07. The business's 50 day moving average price is $70.48 and its 200-day moving average price is $70.89. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company earned $1.45 EPS. The firm'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. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies's payout ratio is currently 31.03%.

Insider Activity

In related news, Director Jonathan E. Michael sold 2,740 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by insiders.

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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