4,046 Shares in SS&C Technologies Holdings, Inc. $SSNC Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC purchased 4,046 shares of SS&C Technologies Holdings, Inc., valued at approximately $335,000, during the second quarter.
• SS&C Technologies recently reported earnings of $1.45 EPS for the last quarter, surpassing analyst estimates and showing a 5.9% year-over-year revenue increase.
• The company announced a significant dividend increase to $1.08 per share, resulting in a 5.3% annualized yield, effective September 15th.

Callan Family Office LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,046 shares of the technology company's stock, valued at approximately $335,000.

Other hedge funds also recently modified their holdings of the company. Kestra Private Wealth Services LLC increased its position in shares of SS&C Technologies by 29.9% in the first quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after purchasing an additional 3,698 shares during the period. Ritholtz Wealth Management bought a new position in shares of SS&C Technologies in the first quarter worth $509,000. Bank of New York Mellon Corp boosted its stake in SS&C Technologies by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after buying an additional 75,807 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in SS&C Technologies by 403.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after buying an additional 60,784 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in SS&C Technologies by 31.7% in the first quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company's stock valued at $61,522,000 after buying an additional 177,079 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $80.80 on Thursday. The business's 50-day moving average price is $87.60 and its 200-day moving average price is $82.70. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of 25.33 and a beta of 1.23. 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 quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the firm posted $1.27 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's payout ratio is presently 33.86%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley raised their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Raymond James Financial raised their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and an average target price of $97.38.

About SS&C Technologies

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.

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