Amundi Raises Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Amundi increased its stake in SS&C Technologies by 81.2%, acquiring an additional 298,422 shares, which raises its total to 665,840 shares valued at approximately $53.25 million.
• SS&C Technologies recently announced a quarterly dividend increase from $0.25 to $1.08 per share, representing an annual yield of 4.9% for shareholders.
• Analysts have mixed opinions on SS&C Technologies, with most giving it a "Moderate Buy" consensus rating and target prices ranging from $90 to $110.

Amundi lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 81.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 665,840 shares of the technology company's stock after acquiring an additional 298,422 shares during the quarter. Amundi owned 0.27% of SS&C Technologies worth $53,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SSNC. Atwood & Palmer Inc. lifted its holdings in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after acquiring an additional 166 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of SS&C Technologies in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies in the 1st quarter worth about $29,000. Finally, Elequin Capital LP bought a new stake in shares of SS&C Technologies in the 1st quarter worth about $30,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 1.0%

NASDAQ SSNC traded down $0.88 during trading on Friday, reaching $89.21. 765,665 shares of the company's stock traded hands, compared to its average volume of 1,049,002. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 27.97 and a beta of 1.24. The company's 50 day simple moving average is $86.32 and its two-hundred day simple moving average is $82.23. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm 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 forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS 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. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.08 per share. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. SS&C Technologies's payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research analyst reports. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Morgan Stanley lifted their price objective 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. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted 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. Finally, Wall Street Zen lowered shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.38.

About SS&C Technologies

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.