Wellington Management Group LLP grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 132.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,187 shares of the technology company’s stock after buying an additional 127,605 shares during the period. Wellington Management Group LLP owned approximately 0.10% of SS&C Technologies worth $13,911,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of SSNC. BlackRock Inc. acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $1,043,987,000. Pzena Investment Management LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $684,819,000. State Street Corp increased its stake in SS&C Technologies by 2.1% in the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares in the last quarter. Bank of Montreal Can raised its holdings in SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after purchasing an additional 5,012,893 shares during the period. Finally, Swedbank AB raised its holdings in SS&C Technologies by 15.0% in the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after purchasing an additional 563,196 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SSNC. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. Jefferies Financial Group reduced their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. UBS Group restated a “buy” rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings upgraded SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $92.38.
SS&C Technologies Price Performance
Shares of SSNC opened at $83.65 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.26. The stock has a market capitalization of $19.63 billion, a P/E ratio of 24.04 and a beta of 1.09. The company has a 50 day moving average of $75.74 and a 200-day moving average of $71.46.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. 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. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.
SS&C Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend 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 is 34.48%.
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.
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