Man Group plc Buys Shares of 287,874 SS&C Technologies Holdings, Inc. $SSNC

Man Group plc purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 287,874 shares of the technology company’s stock, valued at approximately $17,863,000. Man Group plc owned about 0.12% of SS&C Technologies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter valued at $847,000. Jupiter Topco LLC bought a new position in SS&C Technologies during the second quarter worth $178,337,000. Hsbc Holdings PLC bought a new position in SS&C Technologies during the second quarter worth $22,543,000. Palisade Capital Management LP acquired a new position in SS&C Technologies in the second quarter valued at $1,972,000. Finally, Canada Pension Plan Investment Board acquired a new position in SS&C Technologies in the second quarter valued at $1,750,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. dropped their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Jefferies Financial Group cut their target price on 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. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. One equities 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.25.

SS&C Technologies Price Performance

Shares of SSNC opened at $83.47 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.26. The business’s fifty day moving average is $73.13 and its 200 day moving average is $70.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market cap of $19.59 billion, a P/E ratio of 23.99 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly 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 net margin of 13.16% and a return on equity of 21.20%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $1.45 EPS. SS&C Technologies’s quarterly revenue 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. 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 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 an increase 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 1.4%. The ex-dividend date is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is 31.03%.

SS&C Technologies Company 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.