6,131 Shares in SS&C Technologies Holdings, Inc. $SSNC Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,131 shares of the technology company’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AXA S.A. boosted its stake in SS&C Technologies by 1.4% during the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock valued at $776,000 after buying an additional 130 shares during the period. Private Trust Co. NA raised its position in SS&C Technologies by 36.0% in the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after purchasing an additional 133 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in SS&C Technologies by 0.8% during 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 during the period. AlphaCore Capital LLC raised its holdings in 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 buying an additional 154 shares during the last quarter. Finally, United Community Bank raised its position in 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 purchasing an additional 155 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $82.95 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. 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 firm has a market capitalization of $19.46 billion, a PE ratio of 23.84 and a beta of 1.07. The stock’s fifty day moving average is $71.82 and its 200 day moving average is $70.80.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current 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 issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.4%. SS&C Technologies’s dividend payout ratio is 31.03%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley lowered their price objective on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. UBS Group reissued a “buy” rating and set a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of 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 restated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.

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.