MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 98,277 Shares of SS&C Technologies Holdings, Inc. $SSNC

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 31.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,109 shares of the technology company's stock after selling 98,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of SS&C Technologies worth $17,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its holdings in SS&C Technologies by 29.9% during 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 purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA increased 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 acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at $509,000. Bank of New York Mellon Corp increased 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. increased 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. 96.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on SSNC. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group lifted their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley lifted their price objective on 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. Finally, Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Trading Down 1.0%

SSNC stock traded down $0.88 during midday trading on Friday, hitting $89.21. 765,665 shares of the company's stock were exchanged, compared to its average volume of 1,049,002. The stock's fifty day moving average price is $86.32 and its 200-day moving average price is $82.19. 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 company has a market cap of $21.79 billion, a PE ratio of 27.97 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.92% and a net margin of 13.34%.The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $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 fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared 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%. This is a positive change 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 is presently 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.