Caisse DE Depot ET Placement DU Quebec Purchases 307,483 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in SS&C Technologies by 180.4%, buying an additional 307,483 shares for a total of 477,922 shares valued at approximately $39.9 million.
• Several hedge funds, including Bank of America and AQR Capital Management, have also significantly increased their holdings in SS&C Technologies, highlighting growing institutional interest in the company.
• SS&C Technologies announced a quarterly dividend of $1.08 per share, up from the previous $0.25, resulting in an annualized yield of 4.8%.

Caisse DE Depot ET Placement DU Quebec boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 180.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 477,922 shares of the technology company's stock after purchasing an additional 307,483 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of SS&C Technologies worth $39,921,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SSNC. Bank of America Corp DE grew its holdings in shares of 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 acquiring an additional 880,058 shares in the last quarter. AQR Capital Management LLC boosted its position 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 worth $172,038,000 after purchasing an additional 780,616 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in SS&C Technologies by 1,135.3% in the 1st 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 purchasing an additional 649,864 shares during the period. Janus Henderson Group PLC increased its position in shares of SS&C Technologies by 3.4% during the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after purchasing an additional 539,483 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of SS&C Technologies by 173.2% during the 4th quarter. Royal Bank of Canada now owns 680,915 shares of the technology company's stock worth $51,600,000 after purchasing an additional 431,643 shares during the period. Institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SSNC. Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. DA Davidson raised their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted 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. UBS Group increased their price objective on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $89.54 on Wednesday. The firm has a market cap of $21.87 billion, a P/E ratio of 28.07 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company's 50 day moving average is $84.47 and its 200-day moving average is $82.17. 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 released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating 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 analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $1.27 EPS. SS&C Technologies'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. Sell-side analysts predict 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. Investors 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 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 presently 31.35%.

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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