Rakuten Investment Management Inc. Buys New Stake in SS&C Technologies Holdings, Inc. $SSNC

Rakuten Investment Management Inc. bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,159 shares of the technology company’s stock, valued at approximately $765,000.

A number of other institutional investors also recently made changes to their positions in SSNC. Millennium Management LLC increased its position in SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after purchasing an additional 137,301 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of SS&C Technologies by 6,069.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of SS&C Technologies by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after buying an additional 97,247 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of SS&C Technologies by 35.1% during the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after buying an additional 2,431 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of SS&C Technologies by 17.9% in the second quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after buying an additional 86,606 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 0.5%

NASDAQ SSNC opened at $82.97 on Tuesday. The firm has a market capitalization of $19.47 billion, a price-to-earnings ratio of 23.84 and a beta of 1.07. 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 one year low of $61.40 and a one year high of $90.26. The company’s 50 day moving average price is $73.85 and its 200 day moving average price is $71.06.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm 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. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s payout ratio is currently 34.48%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SSNC shares. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Jefferies Financial Group reduced their price target on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Royal Bank Of Canada raised their price objective on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Monday. UBS Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research report on Thursday, August 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.