APG Asset Management N.V. Trims Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• APG Asset Management N.V. reduced its stake in SS&C Technologies by 12.5%, now holding 201,661 shares worth approximately $15.6 million.
• SS&C Technologies recently increased its quarterly dividend from $0.25 to $1.08 per share, representing an annualized yield of 4.8%.
• Analysts have mixed ratings on SS&C Technologies, with price targets ranging from $88 to $110, indicating a consensus rating of "Moderate Buy".

APG Asset Management N.V. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,661 shares of the technology company's stock after selling 28,794 shares during the quarter. APG Asset Management N.V. owned approximately 0.08% of SS&C Technologies worth $15,594,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SSNC. MML Investors Services LLC grew its position in SS&C Technologies by 109.1% in the 4th quarter. MML Investors Services LLC now owns 22,055 shares of the technology company's stock valued at $1,671,000 after acquiring an additional 11,508 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of SS&C Technologies by 218.3% in the 4th quarter. MGO One Seven LLC now owns 11,616 shares of the technology company's stock valued at $880,000 after buying an additional 7,967 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of SS&C Technologies by 24.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,865 shares of the technology company's stock valued at $596,000 after buying an additional 1,539 shares during the period. Hancock Whitney Corp purchased a new position in shares of SS&C Technologies in the 4th quarter valued at about $336,000. Finally, Northern Trust Corp boosted its stake in shares of SS&C Technologies by 10.5% in the 4th quarter. Northern Trust Corp now owns 1,426,304 shares of the technology company's stock valued at $108,085,000 after buying an additional 135,073 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.1%

SSNC stock traded down $0.05 during trading on Wednesday, hitting $89.49. 882,027 shares of the company's stock were exchanged, compared to its average volume of 1,230,465. The business has a 50-day moving average price of $84.67 and a two-hundred day moving average price of $82.22. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 28.05 and a beta of 1.25. 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business 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. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SSNC shares. UBS Group lifted 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. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Needham & Company LLC lifted 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. Morgan Stanley lifted their price objective on 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. Finally, Raymond James Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

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.