Pallas Capital Advisors LLC Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

Pallas Capital Advisors LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,320 shares of the technology company’s stock, valued at approximately $640,000.

A number of other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of SS&C Technologies by 374.3% in the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after acquiring an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in SS&C Technologies by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after acquiring an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA boosted its position 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 last quarter. Oppenheimer Asset Management Inc. grew its stake in 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 purchasing an additional 23,125 shares in the last quarter. Finally, Skylands Capital LLC grew 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. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, July 24th. DA Davidson reissued a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. Morgan Stanley dropped their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.25.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director owned 18,404 shares in the company, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.00% of the company’s stock.

SS&C Technologies Trading Up 2.2%

Shares of SS&C Technologies stock opened at $82.28 on Thursday. 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 business has a fifty day simple moving average of $71.23 and a two-hundred day simple moving average of $70.71. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 23.64 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. 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. Research analysts forecast 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. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. 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.