SS&C Technologies (NASDAQ:SSNC) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of SS&C Technologies (NASDAQ:SSNC) in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a $96.00 price target on the technology company’s stock.

Several other brokerages have also recently weighed in on SSNC. Morgan Stanley dropped their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday. Royal Bank Of Canada boosted their price objective on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $75.04 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $18.07 billion, a PE ratio of 21.56 and a beta of 1.11. The firm has a fifty day simple moving average of $67.13 and a two-hundred day simple moving average of $71.43. SS&C Technologies has a twelve month low of $61.40 and a twelve month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last 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 expect that SS&C Technologies will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is currently 31.03%.

Insider Activity

In related news, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. The trade was a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the transaction, the director directly owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,740 shares of company stock worth $583,576 over the last three months. 16.00% of the stock is owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its holdings in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after acquiring an additional 5,012,893 shares in the last quarter. Norges Bank bought a new position in SS&C Technologies in the 4th quarter worth $242,846,000. Lyrical Asset Management LP purchased a new stake in shares of SS&C Technologies in the 4th quarter worth about $220,573,000. Alliancebernstein L.P. lifted its position in shares of SS&C Technologies by 503.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after purchasing an additional 1,052,331 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of SS&C Technologies by 48.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,267,717 shares of the technology company’s stock valued at $198,244,000 after purchasing an additional 743,245 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.