Greenhouse Funds LLLP Trims Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Greenhouse Funds LLLP has reduced its stake in SS&C Technologies Holdings by 11.2%, owning approximately 932,405 shares after selling 118,187 shares during the first quarter.
• SS&C Technologies has declared a significant increase in its quarterly dividend, raising it from $0.25 to $1.08 per share, representing an annualized yield of 5.0%.
• The company's latest earnings report indicated a net margin of 13.34% with revenue increasing by 5.9% year-over-year, and SS&C has provided strong guidance for FY 2025 EPS.

Greenhouse Funds LLLP trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 932,405 shares of the technology company's stock after selling 118,187 shares during the quarter. SS&C Technologies accounts for approximately 3.7% of Greenhouse Funds LLLP's portfolio, making the stock its 11th largest holding. Greenhouse Funds LLLP owned about 0.38% of SS&C Technologies worth $77,884,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SSNC. EP Wealth Advisors LLC raised its holdings in SS&C Technologies by 2.0% in the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after acquiring an additional 139 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after buying an additional 140 shares in the last quarter. Tectonic Advisors LLC grew its position in SS&C Technologies by 1.9% during the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after acquiring an additional 144 shares during the last quarter. MAI Capital Management grew its position in SS&C Technologies by 11.7% during the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company's stock worth $117,000 after acquiring an additional 147 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Down 0.4%

SSNC opened at $87.19 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $21.29 billion, a PE ratio of 27.33 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The company'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 EPS 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $1.27 EPS. SS&C Technologies'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. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.08 per share. 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 dividend on an annualized basis and a yield of 5.0%. SS&C Technologies's dividend payout ratio is 31.35%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group increased their price target on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note 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. Raymond James Financial raised their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Finally, Needham & Company LLC lifted their price target 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 analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

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.

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