Brant Point Investment Management LLC Decreases Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Brant Point Investment Management LLC reduced its stake in SS&C Technologies by 30.1%, selling 18,053 shares and now holding 41,947 shares, valued at $3.5 million.
• Several hedge funds have recently modified their holdings, with the majority of institutional investors owning 96.95% of the company's stock.
• SS&C Technologies has increased its quarterly dividend significantly from $0.25 to $1.08 per share, equating to an annualized dividend yield of 4.8%.

Brant Point Investment Management LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,947 shares of the technology company's stock after selling 18,053 shares during the quarter. Brant Point Investment Management LLC's holdings in SS&C Technologies were worth $3,504,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. EP Wealth Advisors LLC increased its holdings in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after acquiring an additional 139 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock valued at $84,000 after acquiring an additional 140 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock valued at $629,000 after acquiring an additional 144 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. Finally, Prudent Man Advisors LLC increased its holdings in shares of SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock valued at $639,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC upped 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. Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Morgan Stanley increased their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group increased their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $89.49 on Thursday. The company has a market cap of $21.86 billion, a PE ratio of 28.05 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. The company's 50 day moving average is $84.67 and its 200 day moving average is $82.22. 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 issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio is 33.86%.

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.

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