SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in SS&C Technologies by 2.7%, bringing its total ownership to approximately 483,087 shares worth $40.35 million.
• SS&C Technologies recently raised its quarterly dividend from $0.25 to $1.08 per share, reflecting a strong annualized dividend yield of 5.0%.
• Analysts have raised their price targets for SS&C Technologies, with DA Davidson setting a new target of $102.00 and UBS Group increasing theirs to $108.00 after re-evaluating the company's performance.

Invesco Ltd. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 483,087 shares of the technology company's stock after acquiring an additional 12,561 shares during the period. Invesco Ltd. owned approximately 0.20% of SS&C Technologies worth $40,352,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SSNC. Kestra Private Wealth Services LLC grew its stake in shares of SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock valued at $1,341,000 after buying an additional 3,698 shares during the period. Unigestion Holding SA grew its stake in shares of SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after buying an additional 85,427 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $509,000. Bank of New York Mellon Corp grew its stake in shares of SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after buying an additional 75,807 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after buying an additional 60,784 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SSNC shares. Morgan Stanley increased their price target on shares of 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. DA Davidson increased their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Up 1.2%

SSNC stock traded up $1.1060 during midday trading on Friday, hitting $89.8060. The company's stock had a trading volume of 1,408,543 shares, compared to its average volume of 1,380,974. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The firm has a 50-day simple moving average of $83.88 and a 200-day simple moving average of $82.03. The firm has a market capitalization of $21.93 billion, a P/E ratio of 28.14 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $1.27 EPS. The company'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. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. 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 33.86%.

About SS&C Technologies

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.