Formula Growth Ltd. Invests $2.15 Million in SS&C Technologies Holdings, Inc. $SSNC

Formula Growth Ltd. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, HoldingsChannel reports. The fund acquired 34,725 shares of the technology company’s stock, valued at approximately $2,155,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in SS&C Technologies during the second quarter worth $3,020,000. Public Employees Retirement System of Ohio bought a new position in shares of SS&C Technologies in the 2nd quarter valued at about $3,990,000. Capstone Investment Advisors LLC bought a new position in shares of SS&C Technologies in the 2nd quarter valued at about $657,000. Proficio Capital Partners LLC acquired a new position in shares of SS&C Technologies during the 2nd quarter worth about $226,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter valued at about $201,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SSNC shares. UBS Group reiterated a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a research note on Thursday, August 13th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. dropped 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. Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a 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 given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.25.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $83.47 on Friday. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 23.99 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. The company has a 50-day simple moving average of $73.13 and a 200 day simple moving average of $70.95. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.26.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 net margin of 13.16% and a return on equity of 21.20%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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%. 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 is 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.