Eaton Financial Holdings Company LLC Buys New Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Eaton Financial Holdings Company LLC has acquired a new stake in SS&C Technologies Holdings, Inc., purchasing 34,157 shares valued at approximately $2.8 million, representing about 0.9% of their overall holdings.
• The company recently declared a quarterly dividend of $1.08 per share, which marks a significant increase from the previous quarterly dividend of $0.25, and reflects an annualized yield of 4.8%.
• Equities analysts have recently raised their price targets for SS&C Technologies, with projections ranging from $88.00 to $102.00 and a consensus target price of $97.38, indicating strong investor interest and potential growth.

Eaton Financial Holdings Company LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,157 shares of the technology company's stock, valued at approximately $2,828,000. SS&C Technologies comprises approximately 0.9% of Eaton Financial Holdings Company LLC's holdings, making the stock its 28th biggest holding.

Several other large investors have also recently bought and sold shares of SSNC. Swedbank AB increased its holdings in SS&C Technologies by 72.0% in the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock valued at $283,147,000 after buying an additional 1,431,620 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock worth $238,338,000 after purchasing an additional 651,650 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of SS&C Technologies by 1,135.3% during the first quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock worth $59,064,000 after purchasing an additional 649,864 shares during the last quarter. Commerce Bank grew its holdings in shares of SS&C Technologies by 12,105.9% during the first quarter. Commerce Bank now owns 434,775 shares of the technology company's stock worth $36,317,000 after purchasing an additional 431,213 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of SS&C Technologies during the first quarter worth about $33,000,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

SSNC stock opened at $89.64 on Tuesday. The firm has a 50 day moving average of $87.00 and a 200-day moving average of $82.24. 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 28.10 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $1.27 EPS. The company's revenue for the quarter 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. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given 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 was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Raymond James Financial raised their price objective on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 24th. DA Davidson raised their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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