Great Lakes Advisors LLC Takes $13.39 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Great Lakes Advisors LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, Holdings Channel reports. The firm bought 215,844 shares of the technology company’s stock, valued at approximately $13,393,000.

Other hedge funds have also recently bought and sold shares of the company. Havemeyer Place LP purchased a new stake in SS&C Technologies during the fourth quarter worth approximately $26,000. EFG International AG purchased a new stake in SS&C Technologies during the 4th quarter worth $29,000. Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies in the 2nd quarter valued at $40,000. Fifth Third Bancorp raised its position in SS&C Technologies by 216.4% in the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after purchasing an additional 329 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of SS&C Technologies by 36.0% during the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction 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 transaction, the director owned 18,404 shares of the company’s stock, valued at $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 SEC, which is available through this link. 16.00% of the stock is owned by company insiders.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $80.53 on Wednesday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. 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 stock has a market cap of $18.90 billion, a P/E ratio of 23.14 and a beta of 1.07. The stock has a 50 day moving average of $70.95 and a 200-day moving average of $70.71.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $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, analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio is currently 31.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Royal Bank Of Canada boosted their target price on shares of SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. DA Davidson restated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. Finally, Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price 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.