OMERS ADMINISTRATION Corp Takes Position in SS&C Technologies Holdings, Inc. $SSNC

OMERS ADMINISTRATION Corp bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,858 shares of the technology company’s stock, valued at approximately $798,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSNC. BlackRock Inc. purchased a new stake in SS&C Technologies during the 2nd quarter worth about $1,043,987,000. Pzena Investment Management LLC purchased a new position in shares of SS&C Technologies in the 2nd quarter valued at about $684,819,000. Bank of Montreal Can boosted its stake in shares of SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after buying an additional 5,012,893 shares during the period. Norges Bank acquired a new position in shares of SS&C Technologies during the fourth quarter worth about $242,846,000. Finally, Lyrical Asset Management LP purchased a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $220,573,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Jefferies Financial Group reduced their target price 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. Weiss Ratings raised shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group reaffirmed a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a research report on Thursday, August 13th. Finally, DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. One investment 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 company’s stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $91.25.

SS&C Technologies Trading Up 0.5%

NASDAQ SSNC opened at $83.47 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $73.13 and its 200 day moving average price is $70.95. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 23.99 and a beta of 1.07. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $90.26.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $1.45 earnings per share. SS&C Technologies’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 expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.03%.

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.