Financiere des Professionnels Fonds d investissement inc. Acquires New Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new position in SS&C Technologies by purchasing 5,469 shares valued at approximately $453,000.
• Several analysts have raised their price targets for SS&C Technologies, with UBS Group increasing its target from $108.00 to $110.00 and reaffirming a "buy" rating.
• SS&C Technologies recently announced a quarterly dividend of $1.08 per share, reflecting a yield of 4.9%, marking a significant increase from its previous dividend rate.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,469 shares of the technology company's stock, valued at approximately $453,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in shares of SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock valued at $1,341,000 after purchasing an additional 3,698 shares during the last quarter. Unigestion Holding SA lifted its stake in shares of SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at $509,000. Bank of New York Mellon Corp lifted its stake in shares of SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after purchasing an additional 75,807 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after purchasing an additional 60,784 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James Financial lifted 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 note on Thursday, July 24th. JPMorgan Chase & Co. boosted 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 report on Thursday, July 24th. DA Davidson boosted 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 report on Friday, July 25th. UBS Group boosted 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 report on Friday, August 22nd. Finally, Morgan Stanley boosted 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 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.66 during trading hours on Friday, hitting $88.59. 2,101,110 shares of the stock were exchanged, compared to its average volume of 952,487. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The business's 50-day moving average is $86.88 and its two-hundred day moving average is $82.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share 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 for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the firm earned $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. Equities research 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 announced 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. The ex-dividend date was Tuesday, September 2nd. This is a positive change 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 4.9%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

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.