Saudi Central Bank Boosts Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Saudi Central Bank raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 82.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,792 shares of the technology company’s stock after buying an additional 6,685 shares during the quarter. Saudi Central Bank’s holdings in SS&C Technologies were worth $918,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SSNC. AlphaGrep UK Ltd purchased a new position in shares of SS&C Technologies in the 2nd quarter worth about $221,000. Syon Capital LLC purchased a new stake in SS&C Technologies during the 2nd quarter valued at about $209,000. Concurrent Investment Advisors LLC bought a new stake in SS&C Technologies during the 2nd quarter valued at about $758,000. Nykredit A S bought a new stake in SS&C Technologies during the 2nd quarter valued at about $1,336,000. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in SS&C Technologies by 198.6% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 20,223 shares of the technology company’s stock worth $1,255,000 after buying an additional 13,451 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

SS&C Technologies Trading Down 1.4%

Shares of SSNC stock opened at $79.34 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.26. The stock has a market capitalization of $18.62 billion, a P/E ratio of 22.80 and a beta of 1.09. The firm’s 50 day moving average is $76.42 and its 200 day moving average is $71.57.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The business had revenue of $1.70 billion during 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 company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business 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. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.5%. SS&C Technologies’s payout ratio is 34.48%.

Analyst Ratings Changes

Several research firms recently issued reports on SSNC. Royal Bank Of Canada upped their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. decreased their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group dropped their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.62.

About SS&C Technologies

SS&C Technologies Holdings, Inc (NASDAQ: SSNC) provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.