Ieq Capital LLC Acquires New Shares in SS&C Technologies Holdings, Inc. $SSNC

Ieq Capital LLC acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 61,671 shares of the technology company’s stock, valued at approximately $3,827,000.

A number of other hedge funds have also bought and sold shares of the business. Heron Bay Capital Management purchased a new stake in shares of SS&C Technologies during the 2nd quarter valued at about $35,580,000. Callan Family Office LLC purchased a new position in shares of SS&C Technologies during the second quarter valued at approximately $661,000. Allworth Financial LP bought a new position in SS&C Technologies during the second quarter valued at approximately $424,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in SS&C Technologies in the second quarter worth approximately $1,255,000. Finally, SGL Investment Advisors Inc. purchased a new stake in SS&C Technologies in the second quarter worth approximately $293,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SSNC. UBS Group reaffirmed a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. Finally, Weiss Ratings raised SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $91.25.

SS&C Technologies Stock Up 0.7%

SSNC opened at $83.54 on Tuesday. The firm’s 50 day simple moving average is $72.14 and its two-hundred day simple moving average is $70.79. The company has a market capitalization of $19.60 billion, a PE ratio of 24.01 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $90.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $1.45 EPS. SS&C Technologies’s revenue 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. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

About SS&C Technologies

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.