Coppell Advisory Solutions LLC Acquires 15,016 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Coppell Advisory Solutions LLC increased its holdings in SS&C Technologies by 984.0%, acquiring an additional 15,016 shares, bringing their total to 16,542 shares worth approximately $1.38 million.
• SS&C Technologies raised its quarterly dividend from $0.25 to $1.08, resulting in an annualized dividend of $4.32 and a yield of 4.9%.
• Several analysts have upgraded their price targets for SS&C Technologies, with an average target price of $97.38 and ratings varying from "Strong Buy" to "Hold."

Coppell Advisory Solutions LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 984.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,542 shares of the technology company's stock after purchasing an additional 15,016 shares during the quarter. Coppell Advisory Solutions LLC's holdings in SS&C Technologies were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwood & Palmer Inc. lifted its stake in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC lifted its stake in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. acquired a new position in SS&C Technologies during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies during the 1st quarter worth approximately $29,000. Finally, Elequin Capital LP acquired a new position in SS&C Technologies during the 1st quarter worth approximately $30,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SSNC shares. JPMorgan Chase & Co. upped their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Raymond James Financial upped their price target on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, 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 report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.88 on Friday, reaching $89.21. The company's stock had a trading volume of 765,665 shares, compared to its average volume of 1,049,002. 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 Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The company has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. The stock's 50 day simple moving average is $86.32 and its 200-day simple moving average is $82.23.

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 for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm'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. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 33.86%.

SS&C Technologies 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.