SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI increased its SS&C Technologies stake by 247% in the third quarter, adding 189,890 shares for a total of 266,771 shares valued at approximately $20.6 million.
• SS&C beat quarterly EPS estimates slightly at $1.78, while revenue rose 7.7% year over year to $1.69 billion. However, weaker-than-expected revenue guidance raised concerns about slowing growth and contributed to a 7.3% stock decline.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $96.57; the company also increased its quarterly dividend to $0.30 per share.

Norris Perne & French LLP MI raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 247.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,771 shares of the technology company's stock after buying an additional 189,890 shares during the quarter. SS&C Technologies makes up approximately 0.9% of Norris Perne & French LLP MI's portfolio, making the stock its 29th biggest position. Norris Perne & French LLP MI owned approximately 0.11% of SS&C Technologies worth $20,560,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Signaturefd LLC lifted its position in SS&C Technologies by 8.7% during the 3rd quarter. Signaturefd LLC now owns 3,549 shares of the technology company's stock worth $274,000 after acquiring an additional 283 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of SS&C Technologies by 118.5% in the third quarter. Citizens Financial Group Inc. RI now owns 8,717 shares of the technology company's stock valued at $672,000 after purchasing an additional 4,727 shares during the period. Tectonic Advisors LLC increased its holdings in shares of SS&C Technologies by 16.7% in the third quarter. Tectonic Advisors LLC now owns 126,683 shares of the technology company's stock valued at $9,763,000 after purchasing an additional 18,127 shares during the period. Yousif Capital Management LLC raised its stake in shares of SS&C Technologies by 10.3% during the third quarter. Yousif Capital Management LLC now owns 4,976 shares of the technology company's stock worth $384,000 after purchasing an additional 464 shares during the last quarter. Finally, MBL Wealth LLC acquired a new stake in shares of SS&C Technologies in the 3rd quarter worth $378,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 7.3%

Shares of NASDAQ SSNC opened at $82.96 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $89.93. The company has a market capitalization of $19.47 billion, a PE ratio of 23.84 and a beta of 1.09. 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's 50-day moving average is $81.46 and its two-hundred day moving average is $73.70.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the company posted $1.57 EPS. The company's revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.30 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies's payout ratio is currently 34.48%.

Key Headlines Impacting SS&C Technologies

Here are the key news stories impacting SS&C Technologies this week:

• Positive Sentiment: SS&C reported third-quarter adjusted earnings of $1.78 per share, slightly above the $1.77 consensus estimate, while revenue rose 7.7% year over year to $1.69 billion, in line with expectations. Earnings also increased from $1.57 per share in the prior-year quarter. SS&C Technologies Reports Third-Quarter Results
• Positive Sentiment: Full-year 2026 EPS guidance of $7.11-$7.17 is above the $6.90 analyst consensus, and fourth-quarter EPS guidance of $1.88-$1.94 also exceeds expectations. Management continues to emphasize AI, automation, margin expansion and potential mergers and acquisitions. SS&C 2026 Revenue Outlook and EBITDA Margin Target
• Positive Sentiment: Jefferies raised its price target to $100 from $83 and maintained a Buy rating. DA Davidson likewise lifted its target to $104 from $96, providing bullish analyst support. Jefferies Price Target
• Neutral Sentiment: The quarterly revenue result was solid but failed to provide an upside surprise, and reports highlighted moderating growth despite a fifth consecutive earnings beat. SS&C Q3 Earnings Results
• Negative Sentiment: Fourth-quarter revenue guidance of approximately $1.7 billion is below the $1.8 billion consensus estimate. Full-year revenue guidance of $6.7-$6.8 billion is also at or below expectations, raising concerns that sales growth is slowing. Why SS&C Shares Are Under Pressure
• Negative Sentiment: The mismatch between better-than-expected EPS and weaker revenue guidance is the primary reason investors are selling SSNC. A recent Zacks downgrade to Strong Sell adds further negative sentiment. SS&C Q3 Earnings Beat

Analyst Ratings Changes

Several equities research analysts have commented on SSNC shares. Weiss Ratings upgraded shares of SS&C Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. UBS Group reiterated a "buy" rating on shares of SS&C Technologies in a research report on Friday. JPMorgan Chase & Co. lowered their target price 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. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their price target on SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $96.57.

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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