Burgundy Asset Management Ltd. Has $460.46 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

Burgundy Asset Management Ltd. decreased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,193,498 shares of the technology company’s stock after selling 46,073 shares during the period. SS&C Technologies accounts for 4.4% of Burgundy Asset Management Ltd.’s portfolio, making the stock its largest position. Burgundy Asset Management Ltd. owned approximately 2.13% of SS&C Technologies worth $460,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AlphaCore Capital LLC increased its position in SS&C Technologies by 3.4% in the second quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company’s stock worth $304,000 after buying an additional 120 shares during the period. Argent Trust Co lifted its position in SS&C Technologies by 0.8% in the 3rd quarter. Argent Trust Co now owns 15,914 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 126 shares during the last quarter. Whalen Wealth Management Inc. lifted its position in SS&C Technologies by 4.2% in the 3rd quarter. Whalen Wealth Management Inc. now owns 3,242 shares of the technology company’s stock valued at $288,000 after purchasing an additional 130 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in SS&C Technologies by 3.6% during the 3rd quarter. J.Safra Asset Management Corp now owns 3,750 shares of the technology company’s stock valued at $333,000 after purchasing an additional 130 shares during the period. Finally, AXA S.A. grew its position in SS&C Technologies by 1.4% in the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Trading Up 0.6%

NASDAQ SSNC opened at $75.20 on Thursday. The company has a market capitalization of $18.16 billion, a PE ratio of 23.80 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a 1-year low of $69.00 and a 1-year high of $91.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.07. The firm’s fifty day simple moving average is $80.62 and its 200-day simple moving average is $84.30.

SS&C Technologies (NASDAQ:SSNC) last posted 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 company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. SS&C Technologies’s payout ratio is currently 34.18%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SSNC. Needham & Company LLC cut their price target on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and set a $106.00 target price on shares of SS&C Technologies in a research note on Friday, February 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

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.