Commerce Bank Makes New $28.86 Million Investment in SS&C Technologies Holdings, Inc. $SSNC

Commerce Bank acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 465,048 shares of the technology company’s stock, valued at approximately $28,856,000.

Several other hedge funds have also recently modified their holdings of the company. Havemeyer Place LP bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $26,000. EFG International AG purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. bought a new stake in SS&C Technologies during the second quarter worth $40,000. Fifth Third Bancorp lifted its holdings in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after acquiring an additional 329 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in SS&C Technologies in the second quarter worth $43,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 1.0%

SSNC stock opened at $82.95 on Friday. The stock has a fifty day moving average of $71.82 and a 200-day moving average of $70.80. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 23.84 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

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 business 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 21.20% and a net margin of 13.16%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 EPS. 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. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date 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 is currently 34.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. DA Davidson restated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group decreased their price objective 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 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 company’s stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $91.25.

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.