SS&C Technologies’ (SSNC) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of SS&C Technologies (NASDAQ:SSNC) in a report published on Wednesday,Benzinga reports. The firm currently has a $96.00 price target on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. UBS Group raised their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group decreased their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, Morgan Stanley decreased their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

SS&C Technologies Stock Down 1.4%

SSNC stock opened at $69.56 on Wednesday. The stock has a market cap of $16.75 billion, a P/E ratio of 21.54 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. SS&C Technologies has a twelve month low of $61.40 and a twelve month high of $91.07. The company’s 50 day moving average is $66.63 and its two-hundred day moving average is $72.30.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Research analysts expect that SS&C Technologies will post 6.17 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 33.44%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,740 shares of company stock valued at $583,576. Corporate insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Several institutional investors have recently bought and sold shares of SSNC. Wedge Capital Management L L P NC lifted its stake in shares of SS&C Technologies by 51.2% during the second quarter. Wedge Capital Management L L P NC now owns 1,250,235 shares of the technology company’s stock worth $77,577,000 after purchasing an additional 423,394 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of SS&C Technologies by 29.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,364 shares of the technology company’s stock valued at $519,000 after buying an additional 1,890 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $393,000. Hennion & Walsh Asset Management Inc. grew its position in shares of SS&C Technologies by 14.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,117 shares of the technology company’s stock worth $1,062,000 after buying an additional 2,161 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in SS&C Technologies by 27.6% during the 2nd quarter. Reinhart Partners LLC. now owns 84,270 shares of the technology company’s stock worth $5,229,000 after acquiring an additional 18,208 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.