SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Raises Dividend to $0.30 Per Share

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced a quarterly dividend on Tuesday, August 18th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.30 per share by the technology company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. This is a 11.1% increase from SS&C Technologies’s previous quarterly dividend of $0.27.

SS&C Technologies has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 9 years. SS&C Technologies has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect SS&C Technologies to earn $6.96 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 15.5%.

SS&C Technologies Trading Up 0.9%

Shares of SS&C Technologies stock opened at $80.53 on Wednesday. SS&C Technologies has a 52-week low of $61.40 and a 52-week high of $91.07. The firm has a market capitalization of $18.90 billion, a PE ratio of 23.14 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $70.95 and its two-hundred day moving average price is $70.71.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm 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. On average, analysts expect that SS&C Technologies will post 6.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSNC. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of SS&C Technologies in a research note on Wednesday, August 5th. UBS Group restated a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.