Western Wealth Management LLC Purchases New Holdings in SS&C Technologies Holdings, Inc. $SSNC

Western Wealth Management LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 13,647 shares of the technology company’s stock, valued at approximately $847,000.

Other hedge funds also recently modified their holdings of the company. Havemeyer Place LP acquired a new stake in SS&C Technologies during the fourth quarter worth $26,000. EFG International AG acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $29,000. Jones Financial Companies Lllp acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $25,000. Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies during the 2nd quarter worth about $40,000. Finally, Fifth Third Bancorp lifted its holdings in shares of SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after acquiring an additional 329 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SSNC shares. Jefferies Financial Group lowered their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada lifted their price objective on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, July 24th. UBS Group reiterated a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research note on Thursday, August 13th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.25.

SS&C Technologies Stock Down 0.7%

Shares of NASDAQ:SSNC opened at $82.99 on Wednesday. The company’s fifty day moving average is $72.44 and its 200-day moving average is $70.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.26. The company has a market capitalization of $19.47 billion, a PE ratio of 23.85 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. 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. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. 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. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. SS&C Technologies’s dividend payout ratio (DPR) is 34.48%.

SS&C Technologies 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.