1,149,636 Shares in SS&C Technologies Holdings, Inc. $SSNC Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, Holdings Channel.com reports. The fund purchased 1,149,636 shares of the technology company’s stock, valued at approximately $71,335,000.

Several other institutional investors have also recently bought and sold shares of SSNC. The Manufacturers Life Insurance Company acquired a new position in SS&C Technologies in the second quarter worth $1,606,000. Jones Financial Companies Lllp bought a new stake in shares of SS&C Technologies during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at $7,704,000. Algert Global LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at $5,527,000. Finally, Cibc World Market Inc. bought a new position in shares of SS&C Technologies in the second quarter valued at about $566,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

SSNC stock opened at $83.47 on Friday. The business’s fifty day moving average is $73.13 and its 200-day moving average is $70.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market cap of $19.59 billion, a P/E ratio of 23.99 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.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (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 period last year, the company earned $1.45 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. 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 forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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 is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is 31.03%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group reissued a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a report on Thursday, August 13th. Jefferies Financial Group cut their price target on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. DA Davidson reiterated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. JPMorgan Chase & Co. dropped their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.