Pines Wealth Management LLC Purchases Shares of 3,490 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Pines Wealth Management LLC acquired a new stake in SS&C Technologies by purchasing 3,490 shares for approximately $291,000 during the 2nd quarter.
• Several institutional investors significantly increased their positions in SS&C Technologies, with Royal Bank of Canada raising its ownership by 173.2%, amounting to 680,915 shares valued at $51.6 million.
• SS&C Technologies' recent earnings report showed better-than-expected results, with earnings per share of $1.45, exceeding estimates by $0.06, and a quarterly revenue of $1.54 billion.

Pines Wealth Management LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,490 shares of the technology company's stock, valued at approximately $291,000.

Other hedge funds have also added to or reduced their stakes in the company. Atwood & Palmer Inc. boosted 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 last quarter. Larson Financial Group LLC boosted 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 last quarter. Whittier Trust Co. acquired a new position in SS&C Technologies during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies in the 1st quarter worth approximately $29,000. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.66 during trading on Friday, hitting $88.59. The stock had a trading volume of 2,101,110 shares, compared to its average volume of 952,487. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The business's 50-day moving average is $86.88 and its 200 day moving average is $82.23. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.9%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SSNC. Needham & Company LLC boosted their target price on 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 upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group lifted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. lifted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Morgan Stanley lifted 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 report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.