Ieq Capital LLC Purchases Shares of 61,671 SS&C Technologies Holdings, Inc. $SSNC

Ieq Capital LLC acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 61,671 shares of the technology company’s stock, valued at approximately $3,827,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in SS&C Technologies by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after buying an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA boosted its position in SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock valued at $10,645,000 after acquiring an additional 27,686 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in SS&C Technologies by 122.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock valued at $3,670,000 after acquiring an additional 23,125 shares in the last quarter. Skylands Capital LLC grew its holdings in shares of SS&C Technologies by 71.6% during the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock worth $9,357,000 after acquiring an additional 57,775 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of SS&C Technologies in the 4th quarter worth approximately $2,203,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 0.7%

Shares of NASDAQ:SSNC opened at $83.54 on Tuesday. 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 stock has a fifty day simple moving average of $72.14 and a two-hundred day simple moving average of $70.79. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.81. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 24.01 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $1.70 billion for 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 company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. 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, research 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is presently 31.03%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SSNC shares. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a report on Monday, July 27th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada increased their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. One equities research 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. Based on data from MarketBeat.com, SS&C Technologies presently 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.