Formula Growth Ltd. Invests $2.15 Million in SS&C Technologies Holdings, Inc. $SSNC

Formula Growth Ltd. acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,725 shares of the technology company’s stock, valued at approximately $2,155,000.

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

SS&C Technologies Stock Up 0.5%

SSNC stock opened at $83.47 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $19.59 billion, a P/E ratio of 23.99 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $90.26. The business has a 50-day moving average of $73.13 and a 200-day moving average of $70.95.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $1.45 EPS. SS&C Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm 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 dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. SS&C Technologies’s payout ratio is presently 31.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSNC. DA Davidson reissued a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. Royal Bank Of Canada increased 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. UBS Group reiterated a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a report on Thursday, August 13th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $91.25.

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.