Inspire Investing LLC Has $3.33 Million Stake 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 raised its holdings 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 39,832 shares of the technology company's stock after acquiring an additional 36,429 shares during the period. Inspire Investing LLC's holdings in SS&C Technologies were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock valued at $1,704,134,000 after purchasing an additional 186,440 shares during the period. Burgundy Asset Management Ltd. lifted its stake in SS&C Technologies by 3.6% in the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock valued at $433,212,000 after buying an additional 182,200 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of SS&C Technologies by 28.7% in the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after buying an additional 651,650 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of 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 holdings in shares of 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 during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson increased their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Raymond James Financial boosted their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report 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 given a Hold rating to the company's stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Up 0.7%

NASDAQ SSNC traded up $0.63 during trading hours on Wednesday, hitting $89.09. 218,118 shares of the company traded hands, compared to its average volume of 1,337,892. 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 business's 50-day moving average is $86.53 and its 200-day moving average is $82.19. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 27.94 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07.

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, topping analysts' consensus estimates of $1.39 by $0.06. The company 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 business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is presently 33.86%.

SS&C Technologies Company 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.