Aberdeen Group plc Raises Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Aberdeen Group plc significantly increased its stake in SS&C Technologies by 166.4%, acquiring an additional 59,809 shares, bringing its total holdings to 95,749 shares worth approximately $7.99 million.
• SS&C Technologies reported a strong earnings per share (EPS) of $1.45, exceeding the consensus estimate by $0.06, and a revenue of $1.54 billion for the last quarter, reflecting a 5.9% year-over-year increase.
• The company announced a quarterly dividend of $1.08 per share, which represents a significant increase from the previous dividend of $0.25, resulting in an annualized yield of 4.9%.

Aberdeen Group plc grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 166.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,749 shares of the technology company's stock after purchasing an additional 59,809 shares during the quarter. Aberdeen Group plc's holdings in SS&C Technologies were worth $7,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kestra Private Wealth Services LLC grew its stake in SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock valued at $1,341,000 after buying an additional 3,698 shares in the last quarter. Unigestion Holding SA grew its position in shares of SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of SS&C Technologies during the 1st quarter valued at $509,000. Bank of New York Mellon Corp lifted its holdings in SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock worth $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after purchasing an additional 60,784 shares during the period. Institutional investors own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several analyst reports. UBS Group upped their price target on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen cut shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday. One 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $0.82 during mid-day trading on Monday, reaching $89.38. 915,161 shares of the company were exchanged, compared to its average volume of 1,263,861. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company's 50 day moving average price is $84.28 and its 200 day moving average price is $82.12. The stock has a market capitalization of $21.83 billion, a PE ratio of 28.02 and a beta of 1.25. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly 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. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the business posted $1.27 earnings per share. The company'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. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be 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 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 31.35%.

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.