Great Lakes Advisors LLC Makes New $13.39 Million Investment in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Great Lakes Advisors purchased 215,844 SS&C Technologies shares worth approximately $13.39 million, while institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with SS&C receiving a “Moderate Buy” consensus rating and an average price target of $91.25 versus its reported share price of $80.53.
• SS&C exceeded quarterly earnings and revenue estimates, with EPS of $1.76 and revenue of $1.70 billion, while increasing its quarterly dividend to $0.30 per share.

Great Lakes Advisors LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 215,844 shares of the technology company's stock, valued at approximately $13,393,000. Great Lakes Advisors LLC owned 0.09% of SS&C Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Danica Pension Livsforsikringsaktieselskab purchased a new stake in SS&C Technologies during the second quarter worth about $21,208,000. Danske Bank A S purchased a new position in SS&C Technologies in the second quarter valued at about $1,699,000. Wealthfront Advisers LLC purchased a new position in SS&C Technologies in the second quarter valued at about $564,000. Meeder Advisory Services Inc. purchased a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $380,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $684,819,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Activity

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. DA Davidson restated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Monday, July 27th. Jefferies Financial Group lowered their price target on shares of 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. cut their price objective on 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. Finally, Royal Bank Of Canada increased their target price on SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, July 24th. 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's stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

SS&C Technologies Trading Up 0.9%

Shares of SSNC opened at $80.53 on Wednesday. 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 market capitalization of $18.90 billion, a PE ratio of 23.14 and a beta of 1.07. The stock has a fifty day moving average of $70.95 and a two-hundred day moving average of $70.71. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released 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 return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The business's quarterly revenue 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. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's payout ratio is currently 31.03%.

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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