North Star Asset Management Inc. Invests $37.98 Million in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• North Star Asset Management acquired 612,073 shares of SS&C Technologies worth approximately $37.98 million, making the position 1.5% of its portfolio. Institutional investors collectively own 96.9% of SSNC.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $91.25; targets from UBS and DA Davidson are $99 and $96, respectively.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue. The company also raised its quarterly dividend to $0.30 per share, equivalent to a 1.4% annualized yield.

North Star Asset Management Inc. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 612,073 shares of the technology company's stock, valued at approximately $37,979,000. SS&C Technologies accounts for about 1.5% of North Star Asset Management Inc.'s portfolio, making the stock its 18th largest holding. North Star Asset Management Inc. owned approximately 0.26% of SS&C Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSNC. Jones Financial Companies Lllp bought a new stake in SS&C Technologies during the second quarter worth $25,000. Havemeyer Place LP purchased a new position in SS&C Technologies in the fourth quarter valued at about $26,000. EFG International AG bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $29,000. Osterweis Capital Management Inc. purchased a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $40,000. Finally, Fifth Third Bancorp increased its stake in shares of SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock worth $42,000 after purchasing an additional 329 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of analyst reports. UBS Group reissued a "buy" rating and set a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. DA Davidson reiterated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Monday, July 27th. JPMorgan Chase & Co. lowered their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Weiss Ratings upgraded shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus target price of $91.25.

SS&C Technologies Stock Performance

Shares of SSNC opened at $83.47 on Friday. The company has a 50-day simple moving average of $73.13 and a two-hundred 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 firm 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 released its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. 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, analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.4%. SS&C Technologies's payout ratio is presently 31.03%.

About SS&C Technologies

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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