SS&C Technologies (NASDAQ:SSNC) Sets New 12-Month Low – Here’s Why

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $65.01 and last traded at $64.9010, with a volume of 908372 shares trading hands. The stock had previously closed at $66.71.

Analysts Set New Price Targets

Several research firms recently commented on SSNC. Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Needham & Company LLC reduced their price target on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. DA Davidson reissued a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, April 27th. Jefferies Financial Group cut their target price on shares of 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, UBS Group lifted their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment 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 company. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

SS&C Technologies Price Performance

The company has a market capitalization of $15.60 billion, a PE ratio of 20.05 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $70.27 and a 200-day simple moving average of $78.63.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’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. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.19 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, March 2nd. SS&C Technologies’s dividend payout ratio is currently 33.44%.

Institutional Trading of SS&C Technologies

Several institutional investors have recently modified their holdings of the stock. Havemeyer Place LP purchased a new position in shares of SS&C Technologies in the 4th quarter valued at $26,000. EFG International AG purchased a new stake in SS&C Technologies in the fourth quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in SS&C Technologies in the fourth quarter valued at $37,000. Quent Capital LLC acquired a new position in SS&C Technologies in the third quarter valued at $39,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of SS&C Technologies by 1,890.9% during the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after purchasing an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.