SS&C Technologies Holdings, Inc. $SSNC Stake Increased by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its stake in SS&C Technologies Holdings, Inc. by 11.1% in the first quarter, bringing its total holdings to 41,279 shares valued at $3,384,000.
• Several institutional investors, including Canada Pension Plan Investment Board and GeoWealth Management LLC, have made significant increases in their positions in SS&C Technologies during the fourth quarter of last year, demonstrating strong institutional interest in the company.
• The company declared a quarterly dividend of $1.08 per share, up from $0.25, representing an annualized yield of 4.9% with a payout ratio of 31.35%.

Groupama Asset Managment raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,279 shares of the technology company's stock after acquiring an additional 4,139 shares during the period. Groupama Asset Managment's holdings in SS&C Technologies were worth $3,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its position in SS&C Technologies by 2.0% during the fourth 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 during the period. Global X Japan Co. Ltd. boosted its position in shares of SS&C Technologies by 16.1% in the first 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 during the period. Tectonic Advisors LLC boosted its position in shares of SS&C Technologies by 1.9% in the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after buying an additional 144 shares during the period. Wellington Management Group LLP boosted its position in shares of SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after buying an additional 161 shares during the period. Finally, Prudent Man Advisors LLC boosted its position in shares of SS&C Technologies by 2.2% in the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock worth $639,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SSNC. JPMorgan Chase & Co. increased their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial increased their price target 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. Morgan Stanley upped their price objective on 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 upped their price objective on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. Finally, Needham & Company LLC upped 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $0.4890 on Monday, reaching $89.7110. 325,547 shares of the company were exchanged, compared to its average volume of 1,377,705. 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 company's 50-day moving average is $84.10 and its two-hundred day moving average is $82.10. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 28.13 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $1.27 EPS. The business's revenue for the quarter 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. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio is 33.86%.

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.