Commerce Bank Buys New Position in SS&C Technologies Holdings, Inc. $SSNC

Commerce Bank bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 465,048 shares of the technology company’s stock, valued at approximately $28,856,000. Commerce Bank owned 0.20% of SS&C Technologies at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. AXA S.A. boosted its holdings in shares of 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 buying an additional 130 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of SS&C Technologies by 0.8% in the 4th 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 in the last quarter. AlphaCore Capital LLC lifted its position in shares of SS&C Technologies by 3.5% during 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 during the period. 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. boosted its stake in 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 acquiring an additional 160 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group restated a “buy” rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price 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. DA Davidson reaffirmed a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research report on Monday, July 27th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $82.95 on Friday. The company has a market cap of $19.46 billion, a PE ratio of 23.84 and a beta of 1.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The business has a 50 day moving average price of $71.82 and a 200-day moving average price of $70.80.

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, topping the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.SS&C Technologies’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. 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. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal 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 $0.30 dividend. This represents a $1.20 annualized dividend 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 34.48%.

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.