5,342 Shares in SS&C Technologies Holdings, Inc. $SSNC Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC made a new investment in SS&C Technologies, acquiring 5,342 shares valued at approximately $446,000 in the first quarter.
• In recent trading, SS&C Technologies saw its stock price lowered to a "hold" rating by Wall Street Zen, despite several firms, including UBS and Needham, increasing their target prices and maintaining "buy" ratings.
• SS&C Technologies announced a significant increase in its quarterly dividend from $0.25 to $1.08, representing an annualized yield of 4.9% and a payout ratio of 31.35%.

FORA Capital LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,342 shares of the technology company's stock, valued at approximately $446,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE raised its stake in 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 purchasing an additional 880,058 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in SS&C Technologies by 1,135.3% in the first quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after purchasing an additional 649,864 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 in the last quarter. Royal Bank of Canada raised its stake in SS&C Technologies by 173.2% in the fourth quarter. Royal Bank of Canada now owns 680,915 shares of the technology company's stock valued at $51,600,000 after purchasing an additional 431,643 shares in the last quarter. Finally, Commerce Bank boosted its stake in SS&C Technologies by 12,105.9% in the first quarter. Commerce Bank now owns 434,775 shares of the technology company's stock valued at $36,317,000 after buying an additional 431,213 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SSNC shares. DA Davidson raised their price objective on 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 raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Raymond James Financial upped their target price 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. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Down 1.2%

Shares of SSNC stock traded down $1.02 on Tuesday, hitting $87.37. The stock had a trading volume of 457,767 shares, compared to its average volume of 1,366,117. The business has a 50 day moving average of $85.19 and a 200 day moving average of $82.15. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of 27.34 and a beta of 1.24. 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 earnings per share. 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, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $1.08 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.9%. SS&C Technologies's payout ratio is 31.35%.

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.