SS&C Technologies (NASDAQ:SSNC) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SS&C Technologies (NASDAQ:SSNC) from a buy rating to a hold rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on the company. Needham & Company LLC reduced their price target on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 6th. DA Davidson reissued a “buy” rating and set a $106.00 price target on shares of SS&C Technologies in a report on Friday, February 6th. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $71.59 on Friday. The firm’s 50 day moving average is $78.26 and its two-hundred day moving average is $83.40. The firm has a market capitalization of $17.29 billion, a P/E ratio of 22.66 and a beta of 1.18. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.07. SS&C Technologies has a 52 week low of $69.00 and a 52 week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. Analysts anticipate that SS&C Technologies will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 34.18%.

Institutional Trading of SS&C Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in SS&C Technologies by 4,424.6% during 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 buying an additional 5,012,893 shares in the last quarter. Norges Bank acquired a new position in SS&C Technologies during the fourth quarter worth about $242,846,000. Lyrical Asset Management LP bought a new stake in SS&C Technologies in the fourth quarter worth about $220,573,000. Alliancebernstein L.P. raised its position in SS&C Technologies by 503.0% in the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after acquiring an additional 1,052,331 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in SS&C Technologies in the 3rd quarter valued at about $89,281,000. Institutional investors own 96.90% of the company’s stock.

About SS&C Technologies

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.