Jackson Square Capital LLC Has $1.75 Million Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Jackson Square Capital LLC increased its stake in SS&C Technologies by 34.9%, owning a total of 21,110 shares valued at approximately $1.75 million.
• JPMorgan Chase, UBS Group, and various other analysts have raised their price targets for SS&C Technologies, indicating a consensus rating of "Moderate Buy" with an average price target of $97.38.
• SS&C Technologies recently increased its quarterly dividend to $1.08, representing a yield of 4.9%, a notable jump from its previous dividend of $0.25.

Jackson Square Capital LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 34.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,110 shares of the technology company's stock after buying an additional 5,464 shares during the period. Jackson Square Capital LLC's holdings in SS&C Technologies were worth $1,748,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atwood & Palmer Inc. lifted its position in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC lifted its holdings in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after buying an additional 292 shares during the period. Whittier Trust Co. acquired a new position in SS&C Technologies in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new position in SS&C Technologies in the first quarter valued at approximately $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

SSNC stock traded down $0.66 during mid-day trading on Friday, hitting $88.59. The stock had a trading volume of 2,101,110 shares, compared to its average volume of 952,487. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The firm has a market capitalization of $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24. The firm has a fifty day simple moving average of $86.88 and a 200 day simple moving average of $82.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. SS&C Technologies's payout ratio is presently 33.86%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upped their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group upped their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.38.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.