Korea Investment CORP Invests $10.66 Million in SS&C Technologies Holdings, Inc. $SSNC

Korea Investment CORP acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 171,775 shares of the technology company’s stock, valued at approximately $10,659,000.

Several other hedge funds have also added to or reduced their stakes in SSNC. AXA S.A. grew its holdings in SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after acquiring an additional 130 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of SS&C Technologies by 0.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after acquiring an additional 142 shares during the last quarter. AlphaCore Capital LLC raised its stake in shares of SS&C Technologies by 3.5% during the fourth quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company’s stock valued at $394,000 after acquiring an additional 154 shares during the last quarter. United Community Bank lifted its holdings in shares of SS&C Technologies by 13.7% during the fourth quarter. United Community Bank now owns 1,285 shares of the technology company’s stock worth $112,000 after purchasing an additional 155 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of SS&C Technologies by 10.3% during the fourth quarter. 1620 Investment Advisors Inc. now owns 1,711 shares of the technology company’s stock worth $150,000 after purchasing an additional 160 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. DA Davidson reaffirmed a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. Royal Bank Of Canada raised their price objective on SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.25.

SS&C Technologies Stock Performance

SSNC stock opened at $83.54 on Tuesday. The stock has a 50-day moving average price of $72.14 and a 200-day moving average price of $70.79. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $90.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market cap of $19.60 billion, a PE ratio of 24.01 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating 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 company 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 company earned $1.45 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect 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. 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 dividend yield of 1.4%. The ex-dividend date is Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

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.