Palisade Capital Management LP Acquires Shares of 31,779 SS&C Technologies Holdings, Inc. $SSNC

Palisade Capital Management LP bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,779 shares of the technology company’s stock, valued at approximately $1,972,000.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Jones Financial Companies Lllp purchased a new position in SS&C Technologies in the 2nd quarter worth about $25,000. Havemeyer Place LP purchased a new stake in SS&C Technologies in the 4th quarter valued at about $26,000. EFG International AG bought a new position in SS&C Technologies in the 4th quarter worth about $29,000. Osterweis Capital Management Inc. purchased a new position in shares of SS&C Technologies during the second quarter worth approximately $40,000. Finally, Fifth Third Bancorp raised its stake in shares of SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after acquiring an additional 329 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $83.05 on Thursday. The company has a market cap of $19.49 billion, a PE ratio of 23.86 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.26. The company’s 50 day moving average is $72.77 and its 200 day moving average is $70.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. The business’s quarterly revenue 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The firm 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 dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies’s payout ratio is 31.03%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SSNC shares. 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 upped their price objective on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. Finally, Jefferies Financial Group reduced their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.25.

About SS&C Technologies

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.