Cibc World Market Inc. Invests $566,000 in SS&C Technologies Holdings, Inc. $SSNC

Cibc World Market Inc. purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,116 shares of the technology company’s stock, valued at approximately $566,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC acquired a new stake in shares of SS&C Technologies during the second quarter worth $684,819,000. State Street Corp increased its holdings in SS&C Technologies by 2.1% in the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares during the last quarter. Bank of Montreal Can increased its holdings in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after purchasing an additional 5,012,893 shares during the last quarter. Finally, Swedbank AB lifted its stake in SS&C Technologies by 15.0% in the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock valued at $291,078,000 after buying an additional 563,196 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

SSNC stock opened at $83.42 on Friday. The business’s 50-day moving average price is $73.49 and its two-hundred day moving average price is $71.04. 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 firm has a market cap of $19.57 billion, a PE ratio of 23.97 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $90.26.

SS&C Technologies (NASDAQ:SSNC) last posted 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 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 company’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of recent analyst reports. UBS Group restated a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Finally, Royal Bank Of Canada boosted their price objective on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.