OMERS ADMINISTRATION Corp Takes $798,000 Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• OMERS Administration Corp. initiated a position in SS&C Technologies, purchasing 12,858 shares valued at approximately $798,000. Institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with SS&C receiving a consensus rating of “Moderate Buy” and an average price target of $91.25.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue, while increasing its quarterly dividend from $0.27 to $0.30 per share.

OMERS ADMINISTRATION Corp purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,858 shares of the technology company's stock, valued at approximately $798,000.

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in SS&C Technologies by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company's stock worth $18,628,000 after buying an additional 16,278 shares during the last quarter. Kepler Cheuvreux Suisse SA increased its stake in shares of SS&C Technologies by 29.4% in 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 last quarter. Oppenheimer Asset Management Inc. increased its stake 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 during the last quarter. Skylands Capital LLC raised its holdings in shares of SS&C Technologies by 71.6% during the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company's stock worth $9,357,000 after acquiring an additional 57,775 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $2,203,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SSNC shares. JPMorgan Chase & Co. dropped their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, July 20th. Royal Bank Of Canada boosted their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. DA Davidson restated a "buy" rating and set a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. Finally, Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.25.

SS&C Technologies Price Performance

SSNC stock opened at $83.47 on Friday. The business's fifty day moving average price is $73.13 and its 200 day moving average price is $70.95. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.26. 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 capitalization of $19.59 billion, a PE ratio of 23.99 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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%.SS&C Technologies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid 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 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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