Banco Bilbao Vizcaya Argentaria S.A. Buys 5,270 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has increased its holdings in SS&C Technologies by 2.6%, acquiring an additional 5,270 shares this quarter, bringing its total shares to 211,916, valued at approximately $17.7 million.
• Wall Street analysts have raised their target prices for SS&C Technologies, with new targets ranging from $94 to $108, while maintaining mostly buy ratings for the stock.
• The company recently announced a significant increase in its quarterly dividend to $1.08 per share, reflecting a 4.9% annualized yield, up from its previous dividend of $0.25.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,916 shares of the technology company's stock after purchasing an additional 5,270 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.09% of SS&C Technologies worth $17,701,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SSNC. Bank of America Corp DE boosted its stake in SS&C Technologies by 64.9% in the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after buying an additional 880,058 shares in the last quarter. AQR Capital Management LLC boosted its stake in SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after buying an additional 780,616 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in SS&C Technologies by 1,135.3% in the first quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after buying an additional 649,864 shares in the last quarter. Janus Henderson Group PLC boosted its stake in SS&C Technologies by 3.4% in the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after buying an additional 539,483 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in SS&C Technologies by 173.2% in the fourth quarter. Royal Bank of Canada now owns 680,915 shares of the technology company's stock valued at $51,600,000 after buying an additional 431,643 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.4870 during trading on Monday, hitting $89.7130. The stock had a trading volume of 325,547 shares, compared to its average volume of 1,377,705. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 28.13 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The business's 50-day moving average is $84.10 and its 200 day moving average is $82.10. 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 released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company earned $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. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSNC. UBS Group boosted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday. 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 research note on Thursday, July 24th. Finally, Raymond James Financial lifted their price target 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.