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

Key Points

• Aberdeen Group plc has increased its stock position in SS&C Technologies by 5.8%, now holding over 101,000 shares worth approximately $8.39 million.
• SS&C Technologies recently announced a quarterly dividend of $1.08, representing a yield of 5.4%, which is an increase from their previous dividend of $0.25.
• Analysts have raised their price targets for SS&C Technologies, with several firms reporting an average target of $97.38 and a consensus rating of "Moderate Buy."

Aberdeen Group plc raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,342 shares of the technology company's stock after buying an additional 5,593 shares during the period. Aberdeen Group plc's holdings in SS&C Technologies were worth $8,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFM Investors Pty Ltd raised its holdings in SS&C Technologies by 0.3% in the second quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company's stock worth $3,582,000 after buying an additional 130 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of SS&C Technologies by 16.1% in the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after acquiring an additional 140 shares during the period. Tectonic Advisors LLC grew its stake in shares of SS&C Technologies by 1.9% in the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after acquiring an additional 144 shares during the period. MAI Capital Management grew its position in SS&C Technologies by 11.7% during the first quarter. MAI Capital Management now owns 1,401 shares of the technology company's stock valued at $117,000 after buying an additional 147 shares during the period. Finally, Prudent Man Advisors LLC grew its position in SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock valued at $639,000 after buying an additional 163 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 1.6%

SSNC stock opened at $79.54 on Friday. 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. The firm has a 50 day moving average of $87.46 and a 200 day moving average of $82.67. The stock has a market capitalization of $19.43 billion, a PE ratio of 24.93 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the business posted $1.27 EPS. The business'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. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 5.4%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report 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 Sunday, October 12th. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. 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 report on Thursday, July 24th. Finally, 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 report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $97.38.

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.

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