Public Employees Retirement System of Ohio Purchases New Shares in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Public Employees Retirement System of Ohio acquired 64,301 SS&C Technologies shares worth approximately $3.99 million during the second quarter. Institutional investors and hedge funds now own 96.9% of the company.
• SS&C Technologies reported quarterly EPS of $1.76, beating estimates of $1.68, while revenue rose 10.3% year over year to $1.70 billion. Shares opened at $84.63, up 2.5%.
• The company increased its quarterly dividend from $0.27 to $0.30 per share, implying a 1.4% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $92.38.

Public Employees Retirement System of Ohio acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 64,301 shares of the technology company's stock, valued at approximately $3,990,000.

A number of other institutional investors also recently bought and sold shares of SSNC. BlackRock Inc. purchased a new stake in shares of SS&C Technologies during the second quarter worth approximately $1,043,987,000. Pzena Investment Management LLC purchased a new position in SS&C Technologies in the 2nd quarter valued at $684,819,000. State Street Corp increased its stake in SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company's stock valued at $530,125,000 after buying an additional 125,580 shares during the period. Bank of Montreal Can increased its stake in SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock valued at $448,132,000 after buying an additional 5,012,893 shares during the period. Finally, Swedbank AB raised its position in SS&C Technologies by 15.0% during the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company's stock worth $291,078,000 after buying an additional 563,196 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 2.5%

Shares of NASDAQ SSNC opened at $84.63 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. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.26. The firm has a 50-day moving average price of $74.93 and a 200 day moving average price of $71.29. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.09.

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, 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 net margin of 13.16% and a return on equity of 21.20%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. 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 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies's dividend payout ratio (DPR) is presently 34.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SSNC shares. Jefferies Financial Group lowered their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Monday, July 20th. DA Davidson restated a "buy" rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. JPMorgan Chase & Co. lowered their price objective on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. UBS Group reiterated a "buy" rating and set a $99.00 target price on shares of SS&C Technologies in a research report on Thursday, August 13th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $92.38.

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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