Truist Financial Corp Raises Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Truist Financial Corp boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,661 shares of the technology company’s stock after buying an additional 9,857 shares during the period. Truist Financial Corp’s holdings in SS&C Technologies were worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service increased its position in SS&C Technologies by 27.2% during the 3rd quarter. National Pension Service now owns 186,824 shares of the technology company’s stock valued at $16,582,000 after buying an additional 39,984 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SS&C Technologies by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock valued at $68,147,000 after purchasing an additional 22,547 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of SS&C Technologies by 374.3% in the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after purchasing an additional 108,746 shares during the period. Cibc World Market Inc. acquired a new position in shares of SS&C Technologies in the third quarter valued at about $1,414,000. Finally, St. James Investment Company LLC acquired a new position in shares of SS&C Technologies in the third quarter valued at about $19,485,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 1.9%

Shares of SSNC opened at $68.76 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $65.05 and a 52 week high of $91.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 21.29 and a beta of 1.12. The stock’s 50-day moving average price is $70.69 and its 200-day moving average price is $78.93.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.19 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.27 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s dividend payout ratio is presently 33.44%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Needham & Company LLC cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. UBS Group increased their price objective on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. DA Davidson reissued a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a report on Monday, April 27th. Finally, Wall Street Zen lowered SS&C Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.13.

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.