Cubist Systematic Strategies LLC Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Cubist Systematic Strategies LLC has acquired a new position in SS&C Technologies Holdings, Inc. with 45,136 shares valued at approximately $3,770,000 during the first quarter.
• SS&C Technologies has recently increased its quarterly dividend to $1.08 per share, marking a significant rise from the previous $0.25, reflecting a strong dividend yield of 4.9%.
• SS&C Technologies reported a quarterly revenue of $1.54 billion, surpassing analyst expectations, with a year-over-year revenue increase of 5.9% and beating earnings projections by $0.06 with an EPS of $1.45.

Cubist Systematic Strategies LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 45,136 shares of the technology company's stock, valued at approximately $3,770,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Vanguard Group Inc. grew its stake in SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock valued at $1,704,134,000 after acquiring an additional 186,440 shares during the period. Janus Henderson Group PLC grew its stake 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 valued at $1,257,869,000 after acquiring an additional 539,483 shares during the period. Burgundy Asset Management Ltd. grew its stake in SS&C Technologies by 3.6% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock valued at $433,212,000 after acquiring an additional 182,200 shares during the period. Bank of America Corp DE grew its stake in SS&C Technologies by 64.9% in the 4th 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. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in SS&C Technologies by 9.8% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock valued at $142,447,000 after acquiring an additional 151,708 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Up 0.0%

Shares of SS&C Technologies stock traded up $0.01 during trading hours on Tuesday, hitting $88.88. The company's stock had a trading volume of 532,282 shares, compared to its average volume of 1,353,407. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. The firm has a fifty day moving average of $85.86 and a 200-day moving average of $82.13. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 27.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. 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 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 announced 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 annualized dividend and a yield of 4.9%. 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 currently 33.86%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SSNC. UBS Group lifted 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. DA Davidson lifted their target price 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. Morgan Stanley lifted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Needham & Company LLC boosted their price objective 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. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $97.38.

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.