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

Burgundy Asset Management Ltd. grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,239,571 shares of the technology company’s stock after acquiring an additional 53,264 shares during the quarter. SS&C Technologies comprises approximately 4.2% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its largest holding. Burgundy Asset Management Ltd. owned about 2.15% of SS&C Technologies worth $433,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Elequin Capital LP purchased a new position in shares of SS&C Technologies in the first quarter worth about $30,000. SVB Wealth LLC purchased a new position in SS&C Technologies during the 1st quarter worth approximately $33,000. 1248 Management LLC acquired a new stake in SS&C Technologies during the 1st quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at $51,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of SS&C Technologies in the first quarter worth $82,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.6%

SSNC stock opened at $88.32 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The business’s 50-day moving average is $84.59 and its 200 day moving average is $84.59. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 26.21 and a beta of 1.20.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business earned $1.29 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 1st. SS&C Technologies’s payout ratio is presently 32.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SSNC. DA Davidson set a $102.00 target price on SS&C Technologies in a research note on Friday, October 24th. Raymond James Financial upped their price objective on SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, UBS Group raised their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.75.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. The trade was a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Company 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.