SS&C Technologies (NASDAQ:SSNC) Sets New 12-Month Low – Here’s Why

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $65.01 and last traded at $64.9010, with a volume of 908372 shares trading hands. The stock had previously closed at $66.71.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several analyst reports. Wall Street Zen lowered SS&C Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group raised their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC decreased their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. DA Davidson reissued a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, April 27th. Finally, Jefferies Financial Group cut their price target on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.13.

SS&C Technologies Trading Down 2.9%

The business has a fifty day moving average price of $70.27 and a two-hundred day moving average price of $78.63. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $15.60 billion, a PE ratio of 20.05 and a beta of 1.12.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. SS&C Technologies’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. SS&C Technologies’s payout ratio is presently 33.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. National Pension Service boosted its stake in shares of SS&C Technologies by 27.2% in the third quarter. National Pension Service now owns 186,824 shares of the technology company’s stock valued at $16,582,000 after purchasing an additional 39,984 shares during the period. Envestnet Asset Management Inc. increased its stake in SS&C Technologies by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock worth $68,147,000 after buying an additional 22,547 shares during the period. Teacher Retirement System of Texas lifted its holdings in SS&C Technologies by 374.3% during the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock worth $12,046,000 after buying an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SS&C Technologies by 8.1% during the 4th 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. Finally, Cibc World Market Inc. purchased a new position in SS&C Technologies in the 3rd quarter valued at approximately $1,414,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.