GW&K Investment Management LLC cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 99.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527 shares of the technology company’s stock after selling 84,019 shares during the period. GW&K Investment Management LLC’s holdings in SS&C Technologies were worth $47,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC grew its stake in SS&C Technologies by 1,890.9% in the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after purchasing an additional 416 shares in the last quarter. Quent Capital LLC acquired a new position in SS&C Technologies in the third quarter worth about $39,000. Root Financial Partners LLC bought a new stake in SS&C Technologies in the third quarter valued at about $42,000. Finally, Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies during the second quarter valued at approximately $40,000. 96.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $106.00 target price on shares of SS&C Technologies in a research report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research note on Thursday, January 22nd. Finally, Needham & Company LLC lowered their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.
SS&C Technologies Stock Performance
Shares of SSNC stock opened at $75.79 on Friday. The company has a market cap of $18.30 billion, a P/E ratio of 23.98 and a beta of 1.18. The business has a 50 day moving average of $80.07 and a two-hundred day moving average of $84.13. SS&C Technologies Holdings, Inc. has a 52 week low of $69.00 and a 52 week high of $91.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.
SS&C Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, March 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 34.18%.
SS&C Technologies Company Profile
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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