4. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
Select Equity Group’s Stake Value: $809,521,000
Percentage of Select Equity Group’s 13F Portfolio: 2.71%
Number of Hedge Fund Holders: 51
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is an American multinational financial technology company that provides software and SaaS solutions to the financial services industry. Select Equity Group owns 11.6 million shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), worth $809.5 million, representing 2.71% of the fund’s Q3 portfolio.
In the third quarter of 2021, 51 hedge funds were bullish on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), up from 49 funds in the preceding quarter. Alkeon Capital Management is one of the largest stakeholders of the company, with 5.3 million shares worth $373.75 million.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared on November 16 a quarterly per share dividend of $0.20, which reflects a 25% increase from the prior dividend of $0.16. The dividend was paid on December 15 to shareholders of record on December 1.
On December 1, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced that the British multinational software company, Blue Prism Group plc (OTC:BPRMF), has agreed to be acquired for $1.6 billion. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will use this merger to gain access to Blue Prism Group plc (OTC:BPRMF)’s robotic process automation center.
In its third quarter earnings report, published on October 28, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) posted an EPS of $1.32, beating estimates by $0.12. The $1.27 billion revenue over the period outperformed estimates by $33.47 million.
Credit Suisse analyst Kevin McVeigh initiated coverage of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) with an Outperform rating and a $105 price target on January 7, stating that the company delivers software applications that help clients comply with complex financial services and healthcare requirements.
Here is what Vulcan Value Partners has to say about SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in their Q4 2020 investor letter:
“SS&C Technologies Holdings Inc. is the leading provider of services to the financial sector. It owns several companies including ALPS Fund Services, Advent, GlobeOp, Intralinks, Eze, and DST. It operates an array of technology offerings for the financial services industry and provides mission-critical software. We like the company’s recurring revenue, high retention rates, strong free cash flow generation, and high rates of return on capital. Regulatory pressure, the need for greater transparency, and the growth of its core asset classes have led to greater demand for its services.”
