SS&C Technologies Holdings, Inc. $SSNC is Burgundy Asset Management Ltd.'s Largest Position

Key Points

• Burgundy Asset Management Ltd. increased its holdings in SS&C Technologies by 3.6%, making it the largest holder, with a total ownership of 5,186,307 shares worth approximately $433.2 million.
• SS&C Technologies reported an EPS of $1.45 for the last quarter, exceeding analysts' expectations and reflecting a 5.9% year-over-year revenue growth to $1.54 billion.
• Analysts have generally given SS&C Technologies a buy rating, with a consensus price target of $97.13, reflecting optimistic outlooks from firms such as Raymond James and UBS Group.

Burgundy Asset Management Ltd. raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,186,307 shares of the technology company's stock after buying an additional 182,200 shares during the period. SS&C Technologies comprises about 4.5% of Burgundy Asset Management Ltd.'s portfolio, making the stock its largest holding. Burgundy Asset Management Ltd. owned 2.10% of SS&C Technologies worth $433,212,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. raised its stake in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of SS&C Technologies by 634.8% during the 1st 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 last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. Finally, Colonial Trust Co SC grew its position in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SSNC shares. UBS Group raised their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. DA Davidson raised their target price on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial raised their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $1.43 during midday trading on Friday, hitting $90.13. The stock had a trading volume of 1,210,514 shares, compared to its average volume of 1,379,354. The company has a market capitalization of $22.01 billion, a PE ratio of 28.31 and a beta of 1.25. The stock has a 50 day simple moving average of $83.88 and a 200-day simple moving average of $82.03. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is 33.86%.

SS&C Technologies Profile

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.