SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,425,413 shares of the technology company’s stock after purchasing an additional 691,464 shares during the quarter. Squarepoint Ops LLC’s holdings in SS&C Technologies were worth $88,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in shares of SS&C Technologies by 4,952.9% during the 2nd quarter. California State Teachers Retirement System now owns 22,362,262 shares of the technology company’s stock valued at $1,387,578,000 after purchasing an additional 21,919,699 shares in the last quarter. BlackRock Inc. acquired a new stake in SS&C Technologies during the second quarter valued at approximately $1,043,987,000. Pzena Investment Management LLC acquired a new stake in SS&C Technologies during the second quarter valued at approximately $684,819,000. State Street Corp boosted its holdings in SS&C Technologies by 2.1% during the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after buying an additional 125,580 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in 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 buying an additional 5,012,893 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 3.8%

Shares of NASDAQ SSNC opened at $80.45 on Wednesday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26. The firm has a market capitalization of $18.88 billion, a PE ratio of 23.12 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $76.11 and a two-hundred day moving average price of $71.51.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. 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 predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business 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. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SSNC. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. cut their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Jefferies Financial Group reduced their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Finally, UBS Group reaffirmed a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a research report on Thursday, August 13th. One equities research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.38.

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.