SS&C Technologies (NASDAQ:SSNC) Shares Gap Up on Better-Than-Expected Earnings

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s share price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $66.95, but opened at $72.25. SS&C Technologies shares last traded at $74.0880, with a volume of 761,118 shares trading hands.

The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business earned $1.45 EPS. SS&C Technologies’s quarterly revenue was up 10.3% compared to the same quarter last year. 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.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.

Key SS&C Technologies News

Here are the key news stories impacting SS&C Technologies this week:

• Positive Sentiment: SS&C beat consensus on both profit and sales, with Q2 EPS of $1.76 versus $1.68 expected and revenue of $1.70 billion versus $1.66 billion expected, suggesting solid execution and demand. Article Title
• Positive Sentiment: The company’s outlook also came in above expectations, with Q3 EPS guidance of $1.73-$1.79 and FY 2026 EPS guidance of $6.93-$7.25, both ahead of consensus, which can support investor confidence in continued earnings growth. Article Title
• Positive Sentiment: Revenue grew 10.3% year over year, and the company highlighted record Q2 financial results, reinforcing the view that SS&C’s core business is still expanding at a healthy pace. Article Title
• Neutral Sentiment: Multiple write-ups and the earnings call transcript are circulating, but they largely reiterate the same earnings beat and guidance raise rather than adding new catalysts beyond the results themselves. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday. DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research note on Wednesday, July 15th. Morgan Stanley reduced their price target on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.12.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the sale, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,740 shares of company stock worth $583,576 over the last ninety days. 16.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of SS&C Technologies by 349.1% in the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after acquiring an additional 137,301 shares during the period. NewEdge Advisors LLC lifted its position in SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock valued at $216,000 after purchasing an additional 2,549 shares during the period. Goldman Sachs Group Inc. lifted its position in SS&C Technologies by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock valued at $57,664,000 after purchasing an additional 97,247 shares during the period. Focus Partners Wealth boosted its holdings in SS&C Technologies by 35.1% in the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Invesco Ltd. grew its position in SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock worth $47,171,000 after purchasing an additional 86,606 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

The firm has a market cap of $17.83 billion, a P/E ratio of 22.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50-day simple moving average is $66.79 and its 200 day simple moving average is $71.63.

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.