171,775 Shares in SS&C Technologies Holdings, Inc. $SSNC Purchased by Korea Investment CORP

Korea Investment CORP acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 171,775 shares of the technology company’s stock, valued at approximately $10,659,000. Korea Investment CORP owned approximately 0.07% of SS&C Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AXA S.A. raised its position in shares of SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock valued at $776,000 after buying an additional 130 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock worth $1,510,000 after acquiring an additional 142 shares during the period. AlphaCore Capital LLC raised its holdings in SS&C Technologies by 3.5% in the 4th 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 in the last quarter. United Community Bank lifted its position in shares of SS&C Technologies by 13.7% during the 4th quarter. United Community Bank now owns 1,285 shares of the technology company’s stock valued at $112,000 after acquiring an additional 155 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its position in shares of SS&C Technologies by 10.3% during the 4th quarter. 1620 Investment Advisors Inc. now owns 1,711 shares of the technology company’s stock valued at $150,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of 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. UBS Group reissued a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group cut their price target 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 given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.25.

SS&C Technologies Stock Up 0.7%

Shares of NASDAQ SSNC opened at $83.54 on Tuesday. The stock has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $70.79. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month 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 company has a market cap of $19.60 billion, a price-to-earnings ratio of 24.01 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm 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, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. This is a boost 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 (DPR) is currently 31.03%.

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.