Saudi Central Bank Grows Position in SS&C Technologies Holdings, Inc. $SSNC

Saudi Central Bank lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 82.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,792 shares of the technology company’s stock after purchasing an additional 6,685 shares during the period. Saudi Central Bank’s holdings in SS&C Technologies were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. BlackRock Inc. purchased a new stake in SS&C Technologies during the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC bought a new position in shares of SS&C Technologies during the second quarter valued at about $684,819,000. Bank of Montreal Can boosted its holdings in shares of SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after purchasing an additional 5,012,893 shares during the period. Jupiter Topco LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth about $178,337,000. Finally, Norges Bank bought a new stake in shares of SS&C Technologies in the fourth quarter worth about $242,846,000. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Down 1.4%

SSNC stock opened at $79.34 on Thursday. 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’s 50 day moving average price is $76.42 and its two-hundred day moving average price is $71.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 22.80 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 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 company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted $1.45 EPS. The firm’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. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s payout ratio is 34.48%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group reaffirmed a “buy” rating and set a $101.00 price target on shares of SS&C Technologies in a research report on Wednesday. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. Jefferies Financial Group decreased their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen raised 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, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.62.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc (NASDAQ: SSNC) provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.