Heron Bay Capital Management Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Heron Bay Capital Management bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 573,402 shares of the technology company’s stock, valued at approximately $35,580,000. SS&C Technologies accounts for about 3.2% of Heron Bay Capital Management’s holdings, making the stock its 10th largest holding. Heron Bay Capital Management owned about 0.24% of SS&C Technologies as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. DA Davidson reissued a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. lowered their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $82.95 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The stock’s 50-day moving average is $71.82 and its two-hundred day moving average is $70.80. The firm has a market cap of $19.46 billion, a P/E ratio of 23.84 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

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.