Meeder Advisory Services Inc. Acquires Shares of 6,131 SS&C Technologies Holdings, Inc. $SSNC

Meeder Advisory Services Inc. bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,131 shares of the technology company’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SSNC. AXA S.A. grew its position in SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock valued at $776,000 after acquiring an additional 130 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of SS&C Technologies by 36.0% in the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock valued at $44,000 after purchasing an additional 133 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after purchasing an additional 142 shares during the last quarter. AlphaCore Capital LLC increased its position in SS&C Technologies by 3.5% during the 4th quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company’s stock worth $394,000 after purchasing an additional 154 shares in the last quarter. Finally, United Community Bank lifted its stake in SS&C Technologies by 13.7% in the 4th quarter. United Community Bank now owns 1,285 shares of the technology company’s stock valued at $112,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 1.0%

Shares of NASDAQ SSNC opened at $82.95 on Friday. The company’s 50 day moving average price is $71.82 and its 200-day moving average price is $70.80. 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 Holdings, Inc. has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a market capitalization of $19.46 billion, a P/E ratio of 23.84 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its 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 net margin of 13.16% and a return on equity of 21.20%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. SS&C Technologies’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. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. 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. SS&C Technologies’s payout ratio is 31.03%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. lowered their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley reduced their price target on 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. Finally, Jefferies Financial Group cut 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 research report on Monday, July 20th. One investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $91.25.

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.