SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $101.00

SS&C Technologies (NASDAQ:SSNC) had its target price boosted by Royal Bank Of Canada from $92.00 to $101.00 in a report released on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

Several other equities analysts have also issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. JPMorgan Chase & Co. dropped their target price 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. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Jefferies Financial Group reduced their price target 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. Finally, Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $92.38.

SS&C Technologies Stock Up 0.8%

Shares of NASDAQ SSNC opened at $82.55 on Monday. 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 business’s 50 day moving average is $74.50 and its two-hundred day moving average is $71.20. SS&C Technologies has a 52-week low of $61.40 and a 52-week high of $90.26. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 23.72 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $1.45 earnings per share. The company’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. Research analysts predict that SS&C Technologies 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. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio is 34.48%.

Institutional Trading of SS&C Technologies

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in 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 worth $1,387,578,000 after acquiring an additional 21,919,699 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at $684,819,000. State Street Corp raised its holdings in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of SS&C Technologies by 4,424.6% during the 4th 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 last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.