Jupiter Topco LLC Takes $178.34 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Jupiter Topco LLC acquired 2.87 million SS&C Technologies shares worth approximately $178.3 million, giving it a 1.22% stake. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies beat quarterly expectations, reporting $1.76 in EPS and $1.70 billion in revenue, with revenue up 10.3% year over year. The stock opened at $83.05, near the middle of its 52-week range.
• The company raised its quarterly dividend from $0.27 to $0.30 per share, equating to a 1.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.25.

Jupiter Topco LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 2,874,073 shares of the technology company's stock, valued at approximately $178,337,000. Jupiter Topco LLC owned 1.22% of SS&C Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in SS&C Technologies during the second quarter worth about $25,000. Havemeyer Place LP purchased a new position in SS&C Technologies in the fourth quarter valued at about $26,000. EFG International AG bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $29,000. Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp increased its stake in shares of SS&C Technologies by 216.4% during the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock worth $42,000 after purchasing an additional 329 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.1%

SSNC opened at $83.05 on Thursday. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $90.26. The company has a market cap of $19.49 billion, a PE ratio of 23.86 and a beta of 1.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $72.77 and a 200 day moving average of $70.91.

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, beating 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 net margin of 13.16% and a return on equity of 21.20%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts expect 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. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. 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%. SS&C Technologies's payout ratio is currently 31.03%.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. DA Davidson reaffirmed a "buy" rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. Jefferies Financial Group cut their price target on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price objective on SS&C Technologies from $89.00 to $92.00 and gave the stock 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.25.

About SS&C Technologies

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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