Norris Perne & French LLP MI Purchases 189,890 Shares of SS&C Technologies Holdings, Inc. $SSNC

Norris Perne & French LLP MI increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 247.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 266,771 shares of the technology company’s stock after acquiring an additional 189,890 shares during the period. SS&C Technologies comprises about 0.9% of Norris Perne & French LLP MI’s holdings, making the stock its 29th biggest position. Norris Perne & French LLP MI’s holdings in SS&C Technologies were worth $20,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SSNC. ZWJ Investment Counsel Inc. boosted its holdings in shares of SS&C Technologies by 6.7% during the third quarter. ZWJ Investment Counsel Inc. now owns 495,122 shares of the technology company’s stock worth $38,159,000 after purchasing an additional 30,907 shares during the last quarter. Skylands Capital LLC grew its position in shares of SS&C Technologies by 71.6% in the first quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock valued at $9,357,000 after purchasing an additional 57,775 shares during the period. Andra AP fonden increased its stake in SS&C Technologies by 56.9% in the second quarter. Andra AP fonden now owns 331,000 shares of the technology company’s stock valued at $20,539,000 after purchasing an additional 120,100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in SS&C Technologies in the second quarter valued at $15,709,000. Finally, GSA Capital Partners LLP purchased a new position in SS&C Technologies during the second quarter worth about $1,380,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group lifted their price target on SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings raised shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Zacks Research cut shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Royal Bank Of Canada boosted their target price on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies Trading Down 7.3%

SSNC stock opened at $82.96 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 23.84 and a beta of 1.09. The business has a fifty day simple moving average of $81.46 and a 200-day simple moving average of $73.70. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $89.93.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s payout ratio is currently 34.48%.

More SS&C Technologies News

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

• Positive Sentiment: SS&C reported third-quarter adjusted earnings of $1.78 per share, slightly above the $1.77 consensus estimate, while revenue rose 7.7% year over year to $1.69 billion, in line with expectations. Earnings also increased from $1.57 per share in the prior-year quarter. SS&C Technologies Reports Third-Quarter Results
• Positive Sentiment: Full-year 2026 EPS guidance of $7.11-$7.17 is above the $6.90 analyst consensus, and fourth-quarter EPS guidance of $1.88-$1.94 also exceeds expectations. Management continues to emphasize AI, automation, margin expansion and potential mergers and acquisitions. SS&C 2026 Revenue Outlook and EBITDA Margin Target
• Positive Sentiment: Jefferies raised its price target to $100 from $83 and maintained a Buy rating. DA Davidson likewise lifted its target to $104 from $96, providing bullish analyst support. Jefferies Price Target
• Neutral Sentiment: The quarterly revenue result was solid but failed to provide an upside surprise, and reports highlighted moderating growth despite a fifth consecutive earnings beat. SS&C Q3 Earnings Results
• Negative Sentiment: Fourth-quarter revenue guidance of approximately $1.7 billion is below the $1.8 billion consensus estimate. Full-year revenue guidance of $6.7-$6.8 billion is also at or below expectations, raising concerns that sales growth is slowing. Why SS&C Shares Are Under Pressure
• Negative Sentiment: The mismatch between better-than-expected EPS and weaker revenue guidance is the primary reason investors are selling SSNC. A recent Zacks downgrade to Strong Sell adds further negative sentiment. SS&C Q3 Earnings Beat

SS&C Technologies Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.