NewEdge Advisors LLC Cuts Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• NewEdge Advisors cut its SS&C Technologies stake by 78.7% in the second quarter, selling 25,372 shares and retaining 6,874 shares valued at approximately $427,000.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $92.62, compared with the stock’s reported price of $78.61.
• SS&C reported quarterly earnings and revenue above expectations, while year-over-year revenue increased 10.3%. The company also raised its quarterly dividend to $0.30 per share, representing a 1.5% yield.

NewEdge Advisors LLC decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 78.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,874 shares of the technology company's stock after selling 25,372 shares during the period. NewEdge Advisors LLC's holdings in SS&C Technologies were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SSNC. BlackRock Inc. bought a new stake in shares of SS&C Technologies during the 2nd quarter worth $1,043,987,000. Pzena Investment Management LLC bought a new position in SS&C Technologies during the second quarter worth about $684,819,000. Cantillon Capital Management LLC raised its holdings in SS&C Technologies by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 4,258,493 shares of the technology company's stock valued at $372,277,000 after acquiring an additional 32,136 shares during the period. Swedbank AB boosted its stake in SS&C Technologies by 15.0% in the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company's stock worth $291,078,000 after purchasing an additional 563,196 shares during the period. Finally, Norges Bank purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $242,846,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. UBS Group restated a "buy" rating and set a $101.00 price objective on shares of SS&C Technologies in a research report on Wednesday, September 9th. Royal Bank Of Canada lifted their price objective on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.62.

SS&C Technologies Trading Up 0.1%

SS&C Technologies stock opened at $78.61 on Friday. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 22.59 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $89.93. The business's fifty day simple moving average is $79.49 and its two-hundred day simple moving average is $72.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm'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, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies's payout ratio is presently 34.48%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc NASDAQ: SSNC provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.

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