West Family Investments Inc. Invests $557,000 in SS&C Technologies Holdings, Inc. $SSNC

West Family Investments Inc. acquired a new stake in 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 acquired 8,971 shares of the technology company’s stock, valued at approximately $557,000.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of SS&C Technologies by 349.1% during the first 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 during the period. NewEdge Advisors LLC lifted its stake in SS&C Technologies by 6,069.0% in the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock valued at $216,000 after buying an additional 2,549 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 during the last quarter. Focus Partners Wealth boosted its holdings in 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 during the last quarter. Finally, Invesco Ltd. grew its position in shares of SS&C Technologies by 17.9% during the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock worth $47,171,000 after buying an additional 86,606 shares during the period. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

SSNC has been the subject of a number of analyst reports. UBS Group restated a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a report on Thursday, August 13th. Royal Bank Of Canada lifted their price target on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, DA Davidson reissued 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.38.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $80.45 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $90.26. The company’s fifty day simple moving average is $76.11 and its 200-day simple moving average is $71.51. The firm has a market cap of $18.88 billion, a PE ratio of 23.12 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. 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. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 EPS 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. Stockholders 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 is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s payout ratio is currently 34.48%.

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.