Eventide Asset Management LLC Purchases Shares of 5,826 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Eventide Asset Management LLC has acquired a new stake in SS&C Technologies Holdings, Inc., purchasing 5,826 shares valued at approximately $478,000 during the first quarter.
• Several institutional investors have recently increased their positions in SS&C Technologies, with 96.95% of the company's stock owned by such entities.
• SS&C Technologies declared a quarterly dividend of $1.08 per share, significantly higher than its previous dividend of $0.25, indicating a positive change in its payout policy.

Eventide Asset Management LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,826 shares of the technology company's stock, valued at approximately $478,000.

A number of other large investors have also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. increased its position in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC grew its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies in the first quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies during the first quarter valued at approximately $29,000. Finally, Elequin Capital LP bought a new position in SS&C Technologies during the 1st quarter worth approximately $30,000. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SSNC shares. Wall Street Zen lowered SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley boosted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. UBS Group lifted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Raymond James Financial boosted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded down $0.09 during midday trading on Tuesday, hitting $88.78. 881,394 shares of the company's stock were exchanged, compared to its average volume of 1,355,903. 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 market cap of $21.68 billion, a P/E ratio of 27.83 and a beta of 1.24. The stock's 50 day moving average price is $85.86 and its 200-day moving average price is $82.13. 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 (NASDAQ:SSNC - Get Free Report) last announced 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 return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The firm'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. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business 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. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. 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.