Western Wealth Management LLC Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Western Wealth Management bought 13,647 shares of SS&C Technologies worth approximately $847,000 during the second quarter. Institutional investors and hedge funds collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in EPS and $1.70 billion in revenue, with revenue up 10.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.25.
• The company increased its quarterly dividend from $0.27 to $0.30 per share, or $1.20 annually, representing a 1.4% yield and a 34.48% payout ratio.

Western Wealth Management LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,647 shares of the technology company's stock, valued at approximately $847,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of SS&C Technologies during the 2nd quarter valued at $25,000. Havemeyer Place LP bought a new stake in SS&C Technologies in the fourth quarter worth $26,000. EFG International AG acquired a new position in SS&C Technologies during the fourth quarter worth $29,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies during the second quarter worth $40,000. Finally, Fifth Third Bancorp raised its holdings in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock valued at $42,000 after buying an additional 329 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $82.99 on Wednesday. The stock has a 50-day simple moving average of $72.44 and a 200 day simple moving average of $70.85. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.26. The stock has a market capitalization of $19.47 billion, a PE ratio of 23.85 and a beta of 1.07. 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 released 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 firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The company's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $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. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio is currently 34.48%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SSNC. UBS Group reaffirmed a "buy" rating and set a $99.00 target price on shares of SS&C Technologies in a research report on Thursday, August 13th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, July 24th. DA Davidson reaffirmed a "buy" rating and set a $96.00 price objective on shares of SS&C Technologies in a report on Monday, July 27th. 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 research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. One equities research 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. According to data from MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and an average 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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