8,971 Shares in SS&C Technologies Holdings, Inc. $SSNC Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 8,971 shares of the technology company’s stock, valued at approximately $557,000.

Other large investors also recently modified their holdings of the company. Denali Advisors LLC acquired a new stake in SS&C Technologies during the 2nd quarter worth about $434,000. Great Lakes Advisors LLC bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $13,393,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in SS&C Technologies during the 2nd quarter valued at $21,208,000. Danske Bank A S acquired a new stake in shares of SS&C Technologies in the 2nd quarter worth about $1,699,000. Finally, Wealthfront Advisers LLC bought a new stake in SS&C Technologies during the 2nd quarter worth approximately $564,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SSNC. Weiss Ratings reiterated a “hold (c)” rating on shares of SS&C Technologies in a report on Wednesday, August 5th. Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, July 24th. Jefferies Financial Group lowered 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 report on Monday, July 20th. Finally, UBS Group reissued a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.25.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.00% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $82.28 on Thursday. The stock has a market cap of $19.31 billion, a PE ratio of 23.64 and a beta of 1.07. The company’s fifty day moving average is $71.23 and its 200 day moving average is $70.71. 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 52 week low of $61.40 and a 52 week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its 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. 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 net margin of 13.16% and a return on equity of 21.20%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently announced 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 represents a $1.20 annualized dividend and a dividend 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 currently 31.03%.

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.