3,848 Shares in SS&C Technologies Holdings, Inc. $SSNC Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC acquired 3,848 shares of SS&C Technologies Holdings, Inc., valued at approximately $321,000, marking a new investment in the technology company.
• Multiple hedge funds, including Atwood & Palmer Inc. and Larson Financial Group LLC, have significantly increased their stakes in SS&C, indicating strong institutional interest as they collectively hold 96.95% of the company's stock.
• SS&C Technologies recently announced an increase in its quarterly dividend from $0.25 to $1.08, resulting in an annualized dividend yield of 4.9%.

AlphaQuest LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,848 shares of the technology company's stock, valued at approximately $321,000.

A number of other large investors also recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its holdings in SS&C Technologies by 75.5% in the first quarter. Kestra Advisory Services LLC now owns 16,073 shares of the technology company's stock valued at $1,343,000 after buying an additional 6,917 shares during the period. Allstate Corp lifted its holdings in SS&C Technologies by 36.0% in the first quarter. Allstate Corp now owns 9,040 shares of the technology company's stock valued at $755,000 after buying an additional 2,392 shares during the period. Compound Planning Inc. acquired a new position in SS&C Technologies in the first quarter valued at approximately $318,000. Martingale Asset Management L P lifted its holdings in SS&C Technologies by 21.2% in the first quarter. Martingale Asset Management L P now owns 59,682 shares of the technology company's stock valued at $4,985,000 after buying an additional 10,445 shares during the period. Finally, Capital Analysts LLC lifted its holdings in SS&C Technologies by 5.7% in the first quarter. Capital Analysts LLC now owns 50,753 shares of the technology company's stock valued at $4,239,000 after buying an additional 2,739 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSNC has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley upped their target price on shares of 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. UBS Group upped their target price on shares of 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, Raymond James Financial upped their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Down 1.3%

Shares of SSNC stock traded down $1.16 during trading hours on Tuesday, hitting $87.23. 425,036 shares of the company were exchanged, compared to its average volume of 1,365,820. The business has a 50 day moving average of $85.19 and a two-hundred day moving average of $82.15. 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 Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company has a market capitalization of $21.30 billion, a PE ratio of 27.36 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 earnings per share (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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm's 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. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 5.0%. SS&C Technologies's dividend payout ratio is currently 31.35%.

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.