Ethic Inc. Boosts Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

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Ethic Inc. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,547 shares of the technology company's stock after purchasing an additional 3,102 shares during the quarter. Ethic Inc.'s holdings in SS&C Technologies were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in SS&C Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock valued at $1,704,134,000 after buying an additional 186,440 shares during the last quarter. Janus Henderson Group PLC raised its position in SS&C Technologies by 3.4% in the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after purchasing an additional 539,483 shares during the period. Dimensional Fund Advisors LP lifted its stake in SS&C Technologies by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares in the last quarter. AQR Capital Management LLC boosted its position 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 worth $172,038,000 after buying an additional 780,616 shares during the period. Finally, Bank of America Corp DE grew its stake 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 buying an additional 880,058 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.6%

Shares of SSNC traded up $1.42 during mid-day trading on Friday, reaching $90.12. The company's stock had a trading volume of 1,559,946 shares, compared to its average volume of 1,381,578. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The stock has a market cap of $22.01 billion, a PE ratio of 28.25 and a beta of 1.25. The company's 50 day moving average is $83.88 and its 200 day moving average is $82.03.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the company earned $1.27 earnings per share. SS&C Technologies'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. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson increased their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Raymond James Financial increased their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Morgan Stanley upped 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. Finally, Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $97.38.

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.