North Star Asset Management Inc. Buys Shares of 612,073 SS&C Technologies Holdings, Inc. $SSNC

North Star Asset Management Inc. acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 612,073 shares of the technology company’s stock, valued at approximately $37,979,000. SS&C Technologies makes up approximately 1.5% of North Star Asset Management Inc.’s holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SS&C Technologies by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock valued at $18,628,000 after purchasing an additional 16,278 shares during the period. Kepler Cheuvreux Suisse SA raised its position in shares of SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock valued at $10,645,000 after purchasing an additional 27,686 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in SS&C Technologies by 122.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock valued at $3,670,000 after acquiring an additional 23,125 shares during the period. Skylands Capital LLC raised its stake in SS&C Technologies by 71.6% during the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock valued at $9,357,000 after purchasing an additional 57,775 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $2,203,000. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

SSNC has been the subject of several research analyst reports. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Jefferies Financial Group reduced their price objective on shares of 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. Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. decreased their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.25.

SS&C Technologies Trading Up 0.5%

SS&C Technologies stock opened at $83.47 on Friday. The stock has a market cap of $19.59 billion, a PE ratio of 23.99 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average of $73.13 and a two-hundred day moving average of $70.95. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter 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. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a 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 presently 31.03%.

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.