Punch & Associates Investment Management Inc. Takes $6.90 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Punch & Associates Investment Management Inc. purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,173 shares of the technology company's stock, valued at approximately $6,898,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSNC. BlackRock Inc. purchased a new stake in shares of SS&C Technologies in the second quarter worth $1,043,987,000. Pzena Investment Management LLC bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at about $684,819,000. Bank of Montreal Can grew its holdings in shares of SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock worth $448,132,000 after purchasing an additional 5,012,893 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of SS&C Technologies during the second quarter worth about $178,337,000. Finally, Norges Bank bought a new position in shares of SS&C Technologies in the fourth quarter worth approximately $242,846,000. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Trading Up 0.1%

Shares of SSNC opened at $83.05 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $90.26. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 23.86 and a beta of 1.07. The firm has a 50 day moving average price of $72.77 and a 200-day moving average price of $70.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. 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. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio (DPR) is currently 31.03%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reissued a "buy" rating and issued a $99.00 price target on shares of SS&C Technologies in a research note on Thursday, August 13th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Royal Bank Of Canada upped their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group reduced their target price on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

SS&C Technologies Company 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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