SS&C Technologies (NASDAQ:SSNC) Announces Earnings Results, Beats Estimates By $0.08 EPS

SS&C Technologies (NASDAQ:SSNCGet Free Report) announced its earnings results on Thursday. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08, FiscalAI reports. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.02%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. SS&C Technologies updated its FY 2026 guidance to 6.930-7.250 EPS and its Q3 2026 guidance to 1.730-1.790 EPS.

Here are the key takeaways from SS&C Technologies’ conference call:

  • SS&C reported a record Q2, with adjusted revenue of $1.697 billion, adjusted EPS of $1.76, adjusted EBITDA of $670.7 million, and 39.5% EBITDA margin all hitting company highs.
  • Organic revenue growth came in at 7.6%, driven by large client renewals, new business wins, and market/transaction tailwinds, and management said the company is on track to meet its margin targets for the year.
  • Capital returns were a major highlight, with SS&C repurchasing 6.4 million shares for $435.2 million in the quarter, its largest quarterly buyback ever, and management reiterated that repurchases remain the top capital allocation priority.
  • Recent acquisitions Curo and Calastone are outperforming expectations, and Calastone is helping SS&C build infrastructure for tokenized funds and regulated digital settlement, expanding its exposure to digital investment markets.
  • Management raised full-year 2026 guidance, now expecting revenue of $6.672 billion to $6.832 billion and adjusted EPS of $6.93 to $7.25, while targeting about 15.5% EPS growth at the midpoint.

SS&C Technologies Stock Up 10.4%

Shares of SSNC opened at $73.88 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. SS&C Technologies has a 52 week low of $61.40 and a 52 week high of $91.07. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 21.23 and a beta of 1.11. The stock has a fifty day moving average of $66.98 and a 200-day moving average of $71.64.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 33.44%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Morgan Stanley dropped their price target on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. UBS Group increased their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday. Finally, Jefferies Financial Group cut their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $93.25.

Get Our Latest Research Report on SS&C Technologies

Trending Headlines about SS&C Technologies

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Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,740 shares of company stock worth $583,576 over the last three months. Insiders own 16.00% of the company’s stock.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC acquired a new position in shares of SS&C Technologies during the 4th quarter valued at $359,000. CIBC Private Wealth Group LLC grew its holdings in SS&C Technologies by 5.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,815 shares of the technology company’s stock worth $334,000 after purchasing an additional 211 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in SS&C Technologies by 17.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,446 shares of the technology company’s stock worth $306,000 after purchasing an additional 504 shares during the period. Lido Advisors LLC increased its stake in SS&C Technologies by 19.1% in the third quarter. Lido Advisors LLC now owns 3,288 shares of the technology company’s stock valued at $292,000 after purchasing an additional 528 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at about $236,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Company Profile

(Get Free Report)

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.

See Also

Earnings History for SS&C Technologies (NASDAQ:SSNC)

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