First Trust Advisors LP Raises Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

First Trust Advisors LP grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 114.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 772,290 shares of the technology company’s stock after purchasing an additional 411,717 shares during the period. First Trust Advisors LP owned 0.32% of SS&C Technologies worth $68,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service boosted its position 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 worth $16,582,000 after acquiring an additional 39,984 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SS&C Technologies by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock worth $68,147,000 after purchasing an additional 22,547 shares during the last quarter. Cibc World Market Inc. purchased a new position in SS&C Technologies during the third quarter worth approximately $1,414,000. Davis Capital Management purchased a new position in SS&C Technologies during the third quarter worth approximately $1,064,000. Finally, North Star Asset Management Inc. boosted its holdings in shares of SS&C Technologies by 1.0% in the 2nd quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock valued at $50,627,000 after purchasing an additional 6,199 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the subject of several research reports. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. DA Davidson reiterated a “buy” rating and issued a $106.00 target price on shares of SS&C Technologies in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research report on Thursday, January 22nd. Finally, Needham & Company LLC cut their price objective on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $73.67 on Wednesday. The firm has a fifty day moving average of $79.47 and a 200-day moving average of $83.89. SS&C Technologies Holdings, Inc. has a 52-week low of $69.00 and a 52-week high of $91.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $17.79 billion, a P/E ratio of 23.31 and a beta of 1.18.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $1.58 EPS. The business’s quarterly 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. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 34.18%.

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.