Ieq Capital LLC Acquires 32,456 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Ieq Capital LLC has increased its holdings in SS&C Technologies by 41.9%, acquiring an additional 32,456 shares, bringing their total to 109,836 shares valued at approximately $9.17 million.
• The company recently announced a quarterly dividend increase from $0.25 to $1.08 per share, representing an annualized yield of 4.8%.
• Analysts have raised their price targets for SS&C Technologies, with a consensus rating of "Moderate Buy" and an average target price of $97.38.

Ieq Capital LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 41.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,836 shares of the technology company's stock after acquiring an additional 32,456 shares during the period. Ieq Capital LLC's holdings in SS&C Technologies were worth $9,175,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. grew its position in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after acquiring an additional 166 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after buying an additional 292 shares during the period. Whittier Trust Co. bought a new stake in shares of SS&C Technologies during the 1st quarter worth $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies during the 1st quarter worth $29,000. Finally, Elequin Capital LP bought a new stake in shares of SS&C Technologies during the 1st quarter worth $30,000. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Morgan Stanley upped their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Raymond James Financial upped their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. One equities research 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 company's stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Trading Down 0.1%

Shares of SSNC stock opened at $89.49 on Thursday. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 28.05 and a beta of 1.25. 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 firm has a fifty day moving average of $84.67 and a 200-day moving average of $82.22.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.52 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The business's revenue 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. 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 company also recently announced 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 is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio is 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.

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