Credit Agricole S A Increases Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Credit Agricole S A significantly increased its stake in SS&C Technologies by 133.9%, now holding 62,973 shares valued at $5.26 million.
• Analysts have recently raised their price targets for SS&C Technologies, with Needham & Company increasing it to $100.00 and UBS Group to $110.00.
• SS&C Technologies announced a quarterly dividend increase from $0.25 to $1.08, reflecting a 4.8% dividend yield based on current stock prices.

Credit Agricole S A lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 133.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 62,973 shares of the technology company's stock after acquiring an additional 36,049 shares during the period. Credit Agricole S A's holdings in SS&C Technologies were worth $5,260,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE increased its position 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 during the period. AQR Capital Management LLC increased its holdings in shares of SS&C Technologies by 52.4% during the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Wedge Capital Management L L P NC lifted its position 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 acquiring an additional 649,864 shares in the last quarter. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock worth $1,257,869,000 after buying an additional 539,483 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings 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 valued at $51,600,000 after buying an additional 431,643 shares during the period. 96.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased 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. UBS Group upped their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Raymond James Financial lifted their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley upped their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Trading Down 0.8%

SSNC traded down $0.74 during mid-day trading on Thursday, hitting $88.75. 179,999 shares of the stock were exchanged, compared to its average volume of 1,370,174. The firm's fifty day moving average is $84.67 and its two-hundred day moving average is $82.22. The company has a market cap of $21.68 billion, a PE ratio of 27.78 and a beta of 1.25. 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 Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the company earned $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. Equities analysts forecast 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 given a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. SS&C Technologies's payout ratio is currently 33.86%.

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.