Caisse de depot et placement du Quebec Acquires Shares of 906,812 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Caisse de dépôt et placement du Québec acquired 906,812 shares of SS&C Technologies valued at approximately $56.3 million, giving it a 0.39% stake. Institutional investors and hedge funds collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in EPS versus the $1.68 consensus and revenue of $1.70 billion, up 10.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.25.
• The company raised its quarterly dividend from $0.27 to $0.30 per share, representing an annualized dividend of $1.20 and a 1.4% yield.

Caisse de depot et placement du Quebec acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 906,812 shares of the technology company's stock, valued at approximately $56,268,000. Caisse de depot et placement du Quebec owned 0.39% of SS&C Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of SS&C Technologies in the second quarter valued at about $1,043,987,000. Pzena Investment Management LLC acquired a new stake in SS&C Technologies in the 2nd quarter worth about $684,819,000. Bank of Montreal Can boosted its holdings in SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock valued at $448,132,000 after purchasing an additional 5,012,893 shares during the period. Jupiter Topco LLC bought a new stake in SS&C Technologies in the 2nd quarter valued at about $178,337,000. Finally, Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $242,846,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SSNC. Royal Bank Of Canada raised their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. DA Davidson reiterated a "buy" rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Jefferies Financial Group reduced their price target on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. JPMorgan Chase & Co. dropped their price objective on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, July 20th. 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 given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

SS&C Technologies Price Performance

SSNC stock opened at $83.47 on Friday. 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 12 month low of $61.40 and a 12 month high of $90.26. The firm has a market cap of $19.59 billion, a P/E ratio of 23.99 and a beta of 1.07. The company's 50-day moving average price is $73.13 and its two-hundred day moving average price is $70.95.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating 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 company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the company earned $1.45 EPS. The business's revenue for the quarter 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, analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. 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%. The ex-dividend date is Tuesday, September 1st. SS&C Technologies's dividend payout ratio (DPR) is presently 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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