31,779 Shares in SS&C Technologies Holdings, Inc. $SSNC Purchased by Palisade Capital Management LP

Palisade Capital Management LP purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,779 shares of the technology company’s stock, valued at approximately $1,972,000.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of SS&C Technologies by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after purchasing an additional 16,278 shares during the period. Kepler Cheuvreux Suisse SA lifted its holdings in SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock worth $10,645,000 after buying an additional 27,686 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of SS&C Technologies by 122.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock valued at $3,670,000 after acquiring an additional 23,125 shares in the last quarter. Skylands Capital LLC boosted its stake in shares of SS&C Technologies by 71.6% in the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock valued at $9,357,000 after buying an additional 57,775 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of SS&C Technologies during the fourth quarter worth about $2,203,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. UBS Group reissued a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. DA Davidson restated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Finally, Royal Bank Of Canada lifted their price target on SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $83.05 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of 23.86 and a beta of 1.07. The company has a 50-day simple moving average of $72.77 and a 200-day simple moving average of $70.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue for the quarter 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. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio is presently 31.03%.

SS&C Technologies 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.