GMT Capital Corp Lowers Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• GMT Capital Corp has reduced its stake in SS&C Technologies Holdings, Inc. by 14.6%, now holding 1,087,400 shares valued at approximately $90.8 million.
• Analysts have recently adjusted their price targets for SS&C Technologies, with estimates ranging from $88.00 to $110.00, reflecting a consensus rating of "Moderate Buy."
• SS&C Technologies announced a significant increase in its quarterly dividend from $0.25 to $1.08 per share, signaling a positive change in its financial strategy.

GMT Capital Corp lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,400 shares of the technology company's stock after selling 186,400 shares during the period. SS&C Technologies comprises approximately 4.8% of GMT Capital Corp's holdings, making the stock its 6th largest holding. GMT Capital Corp owned about 0.44% of SS&C Technologies worth $90,831,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. increased its holdings in SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC increased its holdings in SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. purchased a new position in SS&C Technologies during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new position in SS&C Technologies during the 1st quarter valued at about $29,000. Finally, Elequin Capital LP purchased a new position in SS&C Technologies during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SSNC. Morgan Stanley upped their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped 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. DA Davidson upped their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Stock Up 1.1%

SSNC stock traded up $0.96 during midday trading on Thursday, hitting $88.15. The company's stock had a trading volume of 296,009 shares, compared to its average volume of 1,359,796. The company has a market cap of $21.53 billion, a PE ratio of 27.63 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 company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm's 50-day moving average is $85.45 and its 200-day moving average is $82.22.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed 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. This is a boost 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 currently 31.35%.

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.