AG2R LA Mondiale Gestion D Actifs Takes $884,000 Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in SS&C Technologies Holdings, purchasing 10,943 shares valued at approximately $884,000 during the first quarter.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, a notable increase from its prior quarterly dividend of $0.25, representing an annual yield of 4.8%.
• Research analysts have increased their price targets for SS&C Technologies, with estimates ranging from $88.00 to $100.00, indicating positive sentiment towards the stock.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,943 shares of the technology company's stock, valued at approximately $884,000.

Other large investors have also added to or reduced their stakes in the company. Atwood & Palmer Inc. raised its position in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC raised its position in SS&C Technologies by 634.8% during the first 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 in the last quarter. Whittier Trust Co. bought a new position in shares of SS&C Technologies during the first quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new position in shares of SS&C Technologies during the first quarter valued at about $29,000. Finally, Elequin Capital LP bought a new position in shares of SS&C Technologies during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Down 0.8%

Shares of NASDAQ SSNC traded down $0.75 during trading hours on Friday, hitting $88.50. The company's stock had a trading volume of 176,282 shares, compared to its average volume of 1,333,788. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The business has a 50-day simple moving average of $86.75 and a 200-day simple moving average of $82.24. The stock has a market cap of $21.61 billion, a price-to-earnings ratio of 27.74 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business posted $1.27 earnings per share. SS&C Technologies'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. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

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

Analysts Set New Price Targets

SSNC has been the topic of a number of recent research reports. DA Davidson raised their price objective 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. 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. 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. UBS Group raised their price objective on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price objective 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 research 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. According to data from MarketBeat.com, SS&C Technologies 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.