Inspire Investing LLC Reduces Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Inspire Investing LLC significantly reduced its holdings in SS&C Technologies by 91.3%, selling 36,381 shares and leaving them with 3,451 shares valued at $286,000.
• SS&C Technologies declared a quarterly dividend of $1.08 per share, reflecting a positive increase from its previous dividend, with an annualized yield of 5.4%.
• Analysts maintain a consensus rating of Moderate Buy for SS&C Technologies, with target price increases from various firms, indicating confidence in the company's future performance.

Inspire Investing LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 91.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,451 shares of the technology company's stock after selling 36,381 shares during the quarter. Inspire Investing LLC's holdings in SS&C Technologies were worth $286,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of SS&C Technologies by 634.8% during the first 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. acquired a new stake in shares of SS&C Technologies during the first quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth about $29,000. Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the first quarter worth about $30,000. Finally, SVB Wealth LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth about $33,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $79.54 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $19.43 billion, a P/E ratio of 24.93 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company has a 50-day moving average price of $87.46 and a 200 day moving average price of $82.67.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Research 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 business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James Financial increased their target price on shares of 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. Weiss Ratings reiterated a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. UBS Group increased their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

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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