Magnetar Financial LLC Invests $631,000 in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Magnetar Financial LLC has acquired 7,559 shares of SS&C Technologies Holdings, valued at approximately $631,000, as indicated in a recent SEC filing.
• SS&C Technologies is experiencing increased interest from institutional investors, with 96.95% of its stock currently owned by them.
• A recent dividend increase to $1.08 per share has been announced, reflecting a 4.9% yield with an ex-dividend date of September 2nd.

Magnetar Financial LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,559 shares of the technology company's stock, valued at approximately $631,000.

Other large investors have also made changes to their positions in the company. Atwood & Palmer Inc. increased its position in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC increased its position in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after acquiring an additional 292 shares during the period. Whittier Trust Co. acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $30,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SSNC. Raymond James Financial upped their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Needham & Company LLC upped their price target 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. UBS Group upped their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $1.54 during midday trading on Thursday, reaching $88.73. The company had a trading volume of 1,031,772 shares, compared to its average volume of 1,364,277. The company has a market capitalization of $21.67 billion, a P/E ratio of 27.82 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The firm's fifty day simple moving average is $85.45 and its 200-day simple moving average is $82.22. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 4.9%. 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 payout ratio is currently 31.35%.

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.