Petrus Trust Company LTA Invests $541,000 in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Petrus Trust Company LTA has acquired 6,476 shares of SS&C Technologies Holdings, Inc. for approximately $541,000 in the first quarter, indicating strong institutional interest in the company.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, representing a significant increase from the previous dividend and a yield of 4.9%.
• Analyst ratings for SS&C Technologies vary, with one downgrade to "hold," while several firms boosted price targets, reflecting differing views on the company's performance and potential.

Petrus Trust Company LTA bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,476 shares of the technology company's stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC increased its position in shares of SS&C Technologies by 2.0% during the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after purchasing an additional 139 shares during the last quarter. Global X Japan Co. Ltd. increased its position in shares of SS&C Technologies by 16.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after purchasing an additional 140 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of SS&C Technologies by 1.9% during the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after purchasing an additional 144 shares during the last quarter. MAI Capital Management increased its position in shares of SS&C Technologies by 11.7% during the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company's stock worth $117,000 after purchasing an additional 147 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. UBS Group boosted their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen lowered SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. DA Davidson boosted their price target on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $0.85 during trading on Friday, reaching $89.25. 276,829 shares of the company traded hands, compared to its average volume of 1,345,421. The company's 50 day moving average is $86.21 and its two-hundred day moving average is $82.23. The firm has a market capitalization of $21.80 billion, a PE ratio of 27.98 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07.

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

SS&C Technologies Increases Dividend

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

SS&C Technologies 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.