Van ECK Associates Corp Has $824,000 Stake in SS&C Technologies Holdings, Inc. $SSNC

Van ECK Associates Corp reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 71.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,275 shares of the technology company’s stock after selling 33,937 shares during the period. Van ECK Associates Corp’s holdings in SS&C Technologies were worth $824,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at about $1,043,987,000. Pzena Investment Management LLC acquired a new position in shares of SS&C Technologies in the second quarter worth approximately $684,819,000. Bank of Montreal Can boosted its holdings in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after acquiring an additional 5,012,893 shares during the last quarter. Jupiter Topco LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $178,337,000. Finally, Norges Bank acquired a new stake in SS&C Technologies during the 4th quarter valued at approximately $242,846,000. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SSNC shares. DA Davidson restated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. 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. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. UBS Group reaffirmed a “buy” rating and set a $99.00 price target on shares of SS&C Technologies in a research report on Thursday, August 13th. 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.38.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $83.65 on Friday. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 24.04 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a 52-week low of $61.40 and a 52-week high of $90.26. The stock’s 50 day moving average price is $75.33 and its two-hundred day moving average price is $71.37. 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 (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share 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 company 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 revenue for the quarter was up 10.3% compared to the same quarter last year. 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, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share 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 paid a $0.30 dividend. 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. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s payout ratio is presently 34.48%.

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.