Mirae Asset Global Investments Co. Ltd. Sells 62,381 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in SS&C Technologies by 82.2%, selling 62,381 shares, and now holds just 13,484 shares worth approximately $1.1 million.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, representing an annualized amount of $4.32 and a yield of 5.1%.
• Analysts have recently raised their price targets for SS&C Technologies, with Raymond James setting a target of $95.00 and UBS Group raising theirs to $110.00, while several others have issued ratings from "buy" to "hold."

Mirae Asset Global Investments Co. Ltd. lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 82.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,484 shares of the technology company's stock after selling 62,381 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in SS&C Technologies were worth $1,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. Larson Financial Group LLC grew its holdings 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 in the last quarter. Whittier Trust Co. acquired a new position in SS&C Technologies during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new position in SS&C Technologies during the 1st quarter worth $30,000. Finally, SVB Wealth LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at $33,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $84.69 on Friday. 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 market cap of $20.68 billion, a P/E ratio of 26.55 and a beta of 1.23. The firm's fifty day moving average is $87.89 and its two-hundred day moving average is $82.74. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's revenue was up 5.9% on a year-over-year basis. 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, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SSNC shares. Raymond James Financial increased their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. UBS Group upped their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. DA Davidson raised their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.38.

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.

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