Wellington Management Group LLP Purchases 127,605 Shares of SS&C Technologies Holdings, Inc. $SSNC

Wellington Management Group LLP raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 132.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,187 shares of the technology company’s stock after acquiring an additional 127,605 shares during the quarter. Wellington Management Group LLP’s holdings in SS&C Technologies were worth $13,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $1,043,987,000. Pzena Investment Management LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $684,819,000. Bank of Montreal Can lifted its position in shares of SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after buying an additional 5,012,893 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $178,337,000. Finally, Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $242,846,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SSNC. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. Jefferies Financial Group reduced their price objective on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. DA Davidson reissued a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. UBS Group reissued a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their target price on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.38.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $83.65 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 24.04 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.26. The company has a 50-day simple moving average of $75.74 and a two-hundred day simple moving average of $71.46.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. 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. Analysts forecast 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. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s dividend payout ratio is 34.48%.

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.