Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $92.62.
Several equities analysts have issued reports on SSNC shares. JPMorgan Chase & Co. decreased 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 report on Monday, July 20th. UBS Group reaffirmed a “buy” rating and issued a $101.00 price target on shares of SS&C Technologies in a research note on Wednesday, September 9th. DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Finally, BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th.
Get Our Latest Research Report on SS&C Technologies
SS&C Technologies Stock Up 0.7%
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced 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 business’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. On average, analysts anticipate that SS&C Technologies will post 6.26 EPS for the current fiscal year.
SS&C Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 34.48%.
Institutional Investors Weigh In On SS&C Technologies
A number of hedge funds have recently modified their holdings of SSNC. CX Institutional boosted its position in SS&C Technologies by 748.4% during the third quarter. CX Institutional now owns 789 shares of the technology company’s stock worth $61,000 after acquiring an additional 696 shares during the last quarter. QRG Capital Management Inc. grew its stake in SS&C Technologies by 9.7% during the 2nd quarter. QRG Capital Management Inc. now owns 141,905 shares of the technology company’s stock valued at $8,805,000 after acquiring an additional 12,582 shares in the last quarter. Andra AP fonden raised its holdings in SS&C Technologies by 56.9% in the 2nd quarter. Andra AP fonden now owns 331,000 shares of the technology company’s stock valued at $20,539,000 after acquiring an additional 120,100 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in SS&C Technologies by 16.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,212 shares of the technology company’s stock valued at $572,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in SS&C Technologies by 23.6% in the 2nd quarter. Tidal Investments LLC now owns 205,167 shares of the technology company’s stock worth $12,731,000 after purchasing an additional 39,157 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.
About SS&C Technologies
SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company’s platforms support investment management, fund administration, portfolio accounting, trading, wealth management, and financial reporting.
SS&C also provides services and software for healthcare organizations, including revenue cycle management, claims processing, and related administrative functions. Its products are used by asset managers, hedge funds, private equity firms, insurance companies, banks, financial advisors, and healthcare providers.
Founded in 1986 by William C.
See Also
- Five stocks we like better than SS&C Technologies
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
