Board of the Pension Protection Fund Buys New Shares in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• The Board of the Pension Protection Fund purchased 17,100 shares of SS&C Technologies, valued at approximately $1.4 million, making it the fund's 26th largest position.
• SS&C Technologies recently increased its quarterly dividend to $1.08, yielding 5.2%, and reported a significant rise in earnings per share of $1.45 for the last quarter.
• Analysts are optimistic about SS&C Technologies, with multiple upgrades and a consensus rating of "Moderate Buy," featuring target prices as high as $110.00.

Board of the Pension Protection Fund bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,100 shares of the technology company's stock, valued at approximately $1,416,000. SS&C Technologies comprises 1.5% of Board of the Pension Protection Fund's portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of SSNC. Larson Financial Group LLC increased its position in shares of SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies in the first quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of SS&C Technologies in the first quarter valued at about $30,000. Finally, SVB Wealth LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at about $33,000. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Trading Down 2.8%

Shares of NASDAQ:SSNC opened at $82.29 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The stock has a market cap of $20.10 billion, a PE ratio of 25.80 and a beta of 1.23. The business has a 50 day moving average of $87.85 and a 200-day moving average of $82.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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 analysts' consensus estimates 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 company 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 posted $1.27 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. 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 forecast 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 5.2%. This is an increase 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 is presently 33.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SSNC shares. Weiss Ratings reiterated a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday. DA Davidson raised 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. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. UBS Group raised 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, Morgan Stanley raised 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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