Norris Perne & French LLP MI Cuts Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Norris Perne & French LLP MI reduced its holdings in SS&C Technologies by 1.1%, now owning approximately 0.11% of the company, valued at around $21.9 million.
• Institutional investor activity includes significant increases in holdings from several firms, with 96.90% of the stock owned by hedge funds and other institutional investors.
• SS&C Technologies recently increased its quarterly dividend to $1.08, representing an annualized dividend of $4.32 and a yield of 4.9%.

Norris Perne & French LLP MI trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,586 shares of the technology company's stock after selling 2,877 shares during the quarter. SS&C Technologies makes up approximately 1.5% of Norris Perne & French LLP MI's investment portfolio, making the stock its 24th biggest holding. Norris Perne & French LLP MI owned about 0.11% of SS&C Technologies worth $21,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its holdings in SS&C Technologies by 6.8% in the second quarter. Signaturefd LLC now owns 3,639 shares of the technology company's stock worth $301,000 after purchasing an additional 231 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its holdings in SS&C Technologies by 0.8% in the second quarter. Kirr Marbach & Co. LLC IN now owns 188,060 shares of the technology company's stock worth $15,571,000 after purchasing an additional 1,530 shares during the last quarter. Meyer Handelman Co. grew its holdings in SS&C Technologies by 6.8% in the second quarter. Meyer Handelman Co. now owns 91,111 shares of the technology company's stock worth $7,544,000 after purchasing an additional 5,806 shares during the last quarter. Sylvest Advisors LLC lifted its stake in shares of SS&C Technologies by 24.3% during the second quarter. Sylvest Advisors LLC now owns 6,492 shares of the technology company's stock worth $538,000 after buying an additional 1,270 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of SS&C Technologies by 10.3% during the second quarter. TD Private Client Wealth LLC now owns 29,336 shares of the technology company's stock worth $2,429,000 after buying an additional 2,739 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on SSNC. DA Davidson lifted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group lifted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Morgan Stanley lifted their price objective on shares of 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, Raymond James Financial lifted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Trading Up 0.9%

NASDAQ SSNC opened at $87.87 on Monday. The company has a market capitalization of $21.46 billion, a PE ratio of 27.55 and a beta of 1.24. The company has a fifty day moving average of $87.41 and a 200 day moving average of $82.42. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. 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 posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm 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 forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 4.9%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 33.86%.

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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