Tidal Investments LLC Raises Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Tidal Investments increased its SS&C Technologies stake by 23.6% in the second quarter, owning 205,167 shares worth approximately $12.7 million. Institutional investors and hedge funds collectively hold 96.9% of the company’s outstanding stock.
• Analysts maintain a generally positive outlook, with SS&C receiving a consensus “Moderate Buy” rating and an average price target of $92.62, compared with a recent share price of $80.27.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue, while revenue rose 10.3% year over year. The company also raised its quarterly dividend from $0.27 to $0.30 per share.

Tidal Investments LLC lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,167 shares of the technology company's stock after buying an additional 39,157 shares during the period. Tidal Investments LLC owned approximately 0.09% of SS&C Technologies worth $12,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company's stock worth $14,754,000 after purchasing an additional 137,301 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of SS&C Technologies by 6,069.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company's stock valued at $216,000 after purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SS&C Technologies by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company's stock valued at $57,664,000 after purchasing an additional 97,247 shares during the last quarter. Focus Partners Wealth boosted its position in shares of SS&C Technologies by 35.1% in the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company's stock valued at $782,000 after purchasing an additional 2,431 shares during the period. Finally, Invesco Ltd. boosted its position in shares of SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company's stock valued at $47,171,000 after purchasing an additional 86,606 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on SSNC shares. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. UBS Group restated a "buy" rating and set a $101.00 target price on shares of SS&C Technologies in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Finally, Royal Bank Of Canada increased their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.62.

SS&C Technologies Trading Up 1.7%

Shares of SSNC stock opened at $80.27 on Friday. The company has a market capitalization of $18.84 billion, a P/E ratio of 23.07 and a beta of 1.09. 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 business's 50 day moving average is $76.98 and its two-hundred day moving average is $71.68. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.22.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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 return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $1.45 earnings per share. The company'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. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced 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. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. SS&C Technologies's dividend payout ratio (DPR) is 34.48%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc NASDAQ: SSNC provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.

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