Inspire Investing LLC Has $3.33 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Inspire Investing LLC significantly increased its stake in SS&C Technologies Holdings, Inc. by 1,070.5%, owning 39,832 shares valued at $3.33 million as of the latest reporting period.
• Wall Street analysts have a consensus rating of "Moderate Buy" for SS&C Technologies, with target prices ranging from $88.00 to $102.00.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, reflecting a positive increase from its previous dividend of $0.25, with a current dividend yield of 4.8%.

Inspire Investing LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1,070.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,832 shares of the technology company's stock after purchasing an additional 36,429 shares during the quarter. Inspire Investing LLC's holdings in SS&C Technologies were worth $3,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after acquiring an additional 186,440 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 3.6% during the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock worth $433,212,000 after acquiring an additional 182,200 shares in the last quarter. AQR Capital Management LLC raised its stake in SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock worth $238,338,000 after acquiring an additional 651,650 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in SS&C Technologies by 9.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock worth $142,447,000 after acquiring an additional 151,708 shares in the last quarter. Finally, Northern Trust Corp raised its stake in SS&C Technologies by 1.5% during the first quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company's stock worth $120,914,000 after acquiring an additional 21,252 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research analyst reports. Morgan Stanley boosted their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Raymond James Financial boosted their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. DA Davidson boosted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $90.09 on Friday. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 28.24 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock's 50 day moving average price is $86.21 and its two-hundred day moving average price is $82.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results 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. The firm 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 company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $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 analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

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

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