SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $69.39 and last traded at $69.7880, with a volume of 56787 shares trading hands. The stock had previously closed at $71.38.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. Jefferies Financial Group lifted their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and issued a $106.00 price objective on shares of SS&C Technologies in a research note on Friday, February 6th. Finally, Needham & Company LLC cut their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.
Get Our Latest Report on SS&C Technologies
SS&C Technologies Trading Up 3.6%
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue for the quarter 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. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 2nd. SS&C Technologies’s dividend payout ratio is presently 34.18%.
Hedge Funds Weigh In On SS&C Technologies
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in SS&C Technologies by 0.8% in the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock valued at $1,702,971,000 after acquiring an additional 165,821 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of SS&C Technologies by 1.4% during the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after purchasing an additional 137,691 shares in the last quarter. State Street Corp lifted its stake in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in SS&C Technologies by 1.0% in the second quarter. Burgundy Asset Management Ltd. now owns 5,239,571 shares of the technology company’s stock worth $433,836,000 after purchasing an additional 53,264 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after purchasing an additional 5,012,893 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
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.
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