Meiji Yasuda Life Insurance Co Increases Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Meiji Yasuda Life Insurance Co increased its stake in SS&C Technologies by 51.8%, acquiring an additional 5,239 shares to bring its total holdings to 15,344 shares valued at approximately $1.28 million.
• Multiple analysts have recently adjusted their price targets for SS&C Technologies, with estimates rising to as high as $102.00, reflecting a generally favorable outlook for the stock.
• SS&C Technologies announced a significant increase in its quarterly dividend to $1.08 per share, marking a positive shift from the previous dividend of $0.25, which corresponds to an annual yield of 4.9%.

Meiji Yasuda Life Insurance Co lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 51.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,344 shares of the technology company's stock after buying an additional 5,239 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in SS&C Technologies were worth $1,282,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson raised their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Morgan Stanley raised their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Finally, UBS Group raised their price objective on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Down 1.0%

SS&C Technologies stock traded down $0.88 during midday trading on Friday, reaching $89.21. The company's stock had a trading volume of 765,665 shares, compared to its average volume of 1,026,170. The stock's 50-day simple moving average is $86.32 and its 200-day simple moving average is $82.15. 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 Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business posted $1.27 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. 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, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS 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 paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is 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.