Lakewood Capital Management LP acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,016,954 shares of the technology company’s stock, valued at approximately $63,102,000. SS&C Technologies accounts for 3.3% of Lakewood Capital Management LP’s portfolio, making the stock its 10th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. Vanguard Group Inc. boosted its stake in SS&C Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares in the last quarter. BlackRock Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter worth $684,819,000. State Street Corp raised its stake in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after buying an additional 125,580 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of 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 valued at $448,132,000 after buying an additional 5,012,893 shares during the period. Institutional investors own 96.90% of the company’s stock.
Wall Street Analysts Forecast Growth
SSNC has been the topic of a number of research analyst reports. Jefferies Financial Group lowered 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 reissued a “buy” rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock 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 assigned a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $91.25.
SS&C Technologies Price Performance
Shares of NASDAQ:SSNC opened at $83.54 on Tuesday. The company has a market capitalization of $19.60 billion, a PE ratio of 24.01 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 fifty day moving average of $72.14 and a 200-day moving average of $70.79. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.81.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (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 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 company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period 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. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is 31.03%.
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.
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