Plato Investment Management Ltd Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Plato Investment Management Ltd acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,248 shares of the technology company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings 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 worth $448,132,000 after acquiring an additional 5,012,893 shares in the last quarter. Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter valued at about $242,846,000. Lyrical Asset Management LP acquired a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $220,573,000. Alliancebernstein L.P. grew its position in shares of SS&C Technologies by 503.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock valued at $111,976,000 after purchasing an additional 1,052,331 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in SS&C Technologies by 48.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,267,717 shares of the technology company’s stock worth $198,244,000 after purchasing an additional 743,245 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SSNC. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. JPMorgan Chase & Co. cut their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. UBS Group reaffirmed a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a research note on Thursday, August 13th. Jefferies Financial Group lowered their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price target on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. 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, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $91.25.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $80.53 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $91.07. The company has a market capitalization of $18.90 billion, a PE ratio of 23.14 and a beta of 1.07. The firm’s 50 day moving average is $70.95 and its 200-day moving average is $70.71.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations 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 was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. 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. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

SS&C Technologies 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.