Van ECK Associates Corp Has $824,000 Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Van ECK Associates cut its SS&C Technologies stake by 71.9% in the second quarter, selling 33,937 shares and retaining 13,275 shares valued at approximately $824,000. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies reported stronger-than-expected quarterly results, with EPS of $1.76 versus the $1.68 consensus and revenue of $1.70 billion, up 10.3% year over year.
• The company raised its quarterly dividend from $0.27 to $0.30 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $92.38.

Van ECK Associates Corp reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 71.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,275 shares of the technology company's stock after selling 33,937 shares during the quarter. Van ECK Associates Corp's holdings in SS&C Technologies were worth $824,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in SS&C Technologies during the second quarter worth about $1,043,987,000. Pzena Investment Management LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at approximately $684,819,000. Bank of Montreal Can lifted its holdings in shares of SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock worth $448,132,000 after acquiring an additional 5,012,893 shares during the period. Jupiter Topco LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $178,337,000. Finally, Norges Bank acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $242,846,000. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Down 1.2%

Shares of SSNC opened at $83.65 on Friday. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 24.04 and a beta 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 company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $75.33 and a 200-day moving average of $71.37.

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, topping analysts' consensus estimates of $1.68 by $0.08. The business 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%.The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company 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. This is an increase 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%. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies's payout ratio is currently 34.48%.

Analysts Set New Price Targets

Several research analysts have commented on SSNC shares. 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. JPMorgan Chase & Co. decreased their price target on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Weiss Ratings raised SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. 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. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.38.

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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