Cooper Investors PTY Ltd. Lowers Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Cooper Investors PTY Ltd. has reduced its investment in SS&C Technologies Holdings, selling 32,987 shares and lowering its stake to 212,392 shares, which now accounts for approximately 3.2% of its total holdings.
• Several analysts have recently raised their target prices for SS&C Technologies, with Raymond James Financial increasing theirs from $90.00 to $95.00 and maintaining a "strong-buy" rating.
• SS&C Technologies reported $1.45 earnings per share for the last quarter, exceeding expectations, and announced a quarterly dividend of $1.08 per share, marking an increase from the previous dividend payout.

Cooper Investors PTY Ltd. trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,392 shares of the technology company's stock after selling 32,987 shares during the quarter. SS&C Technologies accounts for approximately 3.2% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 11th largest holding. Cooper Investors PTY Ltd. owned about 0.09% of SS&C Technologies worth $17,586,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its holdings in SS&C Technologies by 29.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after acquiring an additional 3,698 shares during the last quarter. Unigestion Holding SA boosted its position in SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after purchasing an additional 85,427 shares during the last quarter. Ritholtz Wealth Management purchased a new position in SS&C Technologies in the first quarter worth $509,000. Bank of New York Mellon Corp boosted its position in SS&C Technologies by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock worth $99,486,000 after purchasing an additional 75,807 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in SS&C Technologies by 403.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after purchasing an additional 60,784 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 1.2%

NASDAQ SSNC traded down $1.06 on Tuesday, hitting $88.58. The company's stock had a trading volume of 213,219 shares, compared to its average volume of 1,337,649. 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. The company's 50-day simple moving average is $87.00 and its 200 day simple moving average is $82.24. The firm has a market cap of $21.63 billion, a P/E ratio of 27.75 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating 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 last year, the business posted $1.27 EPS. The firm's revenue for the quarter 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. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is a positive change 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 currently 33.86%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SSNC shares. UBS Group boosted their price objective on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. DA Davidson upped their price target on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Raymond James Financial upped their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and an average target price 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.