EntryPoint Capital LLC Sells 2,835 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• EntryPoint Capital LLC reduced its stake in SS&C Technologies by 49.7%, selling 2,835 shares and now holding 2,867 shares valued at approximately $239,000.
• Analysts have raised their target prices for SS&C Technologies, with Raymond James setting a target of $95.00 and UBS Group increasing theirs to $110.00, reflecting strong market confidence.
• SS&C Technologies announced a quarterly dividend of $1.08 per share, significantly up from its previous payout, representing an annualized dividend yield of 4.8%.

EntryPoint Capital LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 49.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,867 shares of the technology company's stock after selling 2,835 shares during the period. EntryPoint Capital LLC's holdings in SS&C Technologies were worth $239,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its holdings in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC boosted its holdings in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after acquiring an additional 292 shares during the period. Whittier Trust Co. bought a new stake in SS&C Technologies during the first quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies in the first quarter valued at about $29,000. Finally, Elequin Capital LP bought a new stake in shares of SS&C Technologies in the first quarter valued at about $30,000. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SSNC shares. Raymond James Financial increased their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. DA Davidson increased their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group increased their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. One 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, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $90.20 on Friday. 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 quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $22.03 billion, a PE ratio of 28.28 and a beta of 1.25. The firm has a 50-day moving average price of $84.10 and a 200 day moving average price of $82.09.

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, topping 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 during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $1.27 earnings per share. The company's quarterly 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. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. 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. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is 31.35%.

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.

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