Magnetar Financial LLC Buys New Position in SS&C Technologies Holdings, Inc. $SSNC

Magnetar Financial LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,820 shares of the technology company’s stock, valued at approximately $2,026,000.

Several other institutional investors have also recently added to or reduced their stakes in SSNC. Legal & General Group Plc grew its position in shares of SS&C Technologies by 15.1% during the 3rd quarter. Legal & General Group Plc now owns 1,258,689 shares of the technology company’s stock worth $111,721,000 after buying an additional 164,970 shares during the period. Fieldview Capital Management LLC acquired a new position in shares of SS&C Technologies during the 3rd quarter valued at $215,000. Russell Investments Group Ltd. boosted its position in shares of SS&C Technologies by 12.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 718,140 shares of the technology company’s stock worth $63,726,000 after purchasing an additional 80,250 shares in the last quarter. Korea Investment CORP boosted its holdings in SS&C Technologies by 12.4% in the third quarter. Korea Investment CORP now owns 342,492 shares of the technology company’s stock worth $30,400,000 after acquiring an additional 37,904 shares in the last quarter. Finally, Blair William & Co. IL grew its position in SS&C Technologies by 1.5% in the 3rd quarter. Blair William & Co. IL now owns 115,883 shares of the technology company’s stock valued at $10,286,000 after purchasing an additional 1,674 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $71.52 on Friday. The company has a market capitalization of $17.27 billion, a P/E ratio of 22.63 and a beta of 1.18. The company’s 50-day moving average is $78.87 and its 200 day moving average is $83.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share. 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. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

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.