The Manufacturers Life Insurance Company Acquires New Shares in SS&C Technologies Holdings, Inc. $SSNC

The Manufacturers Life Insurance Company bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,878 shares of the technology company’s stock, valued at approximately $1,606,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after purchasing an additional 137,301 shares during the last quarter. NewEdge Advisors LLC lifted its position in SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock valued at $216,000 after purchasing an additional 2,549 shares during the period. Goldman Sachs Group Inc. boosted its holdings in SS&C Technologies by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after purchasing an additional 97,247 shares during the last quarter. Focus Partners Wealth boosted its holdings in SS&C Technologies by 35.1% in the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Invesco Ltd. grew its position in SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock worth $47,171,000 after purchasing an additional 86,606 shares during the period. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 2.5%

Shares of SSNC stock opened at $84.63 on Friday. 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 cap of $19.86 billion, a P/E ratio of 24.32 and a beta of 1.09. 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 50 day simple moving average of $74.93 and a two-hundred day simple moving average of $71.29.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $1.45 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. 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 expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a 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 presently 34.48%.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. JPMorgan Chase & Co. reduced their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. Finally, Royal Bank Of Canada increased their target price on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday. One research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.38.

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.