Caxton Associates LLP Purchases Shares of 19,624 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Caxton Associates LLP acquired 19,624 shares of SS&C Technologies Holdings, Inc. worth approximately $1.64 million in the first quarter, as reported in their 13F filing.
• Several institutional investors increased their positions in SS&C, with the total institutional ownership currently standing at 96.95%.
• SS&C Technologies recently raised its quarterly dividend to $1.08 per share, significantly up from $0.25, reflecting an annualized dividend yield of 4.9%.

Caxton Associates LLP bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,624 shares of the technology company's stock, valued at approximately $1,639,000.

Other large investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC raised its stake in SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. acquired a new stake in SS&C Technologies during the 1st quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies during the 1st quarter valued at $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies in the first quarter worth $30,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 1.0%

SS&C Technologies stock traded down $0.88 during mid-day trading on Friday, hitting $89.21. 765,665 shares of the company's stock were exchanged, compared to its average volume of 1,026,170. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The stock has a 50 day moving average of $86.32 and a two-hundred day moving average of $82.15.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio is currently 33.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group upped their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Finally, Raymond James Financial upped their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.