Northern Trust Corp Buys 21,252 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Northern Trust Corp has increased its stake in SS&C Technologies by 1.5%, owning approximately 1.45 million shares valued at $120.91 million, following the acquisition of 21,252 additional shares.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, up from the previous quarterly dividend of $0.25, indicating a strong commitment to returning value to shareholders.
• A mix of analysts have raised their price targets on SS&C Technologies, with UBS Group increasing its target to $110.00, and the stock presently holds an average rating of "Moderate Buy."

Northern Trust Corp increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,447,556 shares of the technology company's stock after acquiring an additional 21,252 shares during the period. Northern Trust Corp owned approximately 0.59% of SS&C Technologies worth $120,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC raised its position in SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after purchasing an additional 139 shares during the period. Global X Japan Co. Ltd. raised its position in SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock valued at $84,000 after purchasing an additional 140 shares during the period. Tectonic Advisors LLC raised its position in SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock valued at $629,000 after purchasing an additional 144 shares during the period. Wellington Management Group LLP raised its position in SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares during the period. Finally, Prudent Man Advisors LLC raised its position in SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock valued at $639,000 after purchasing an additional 163 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 1.7%

Shares of NASDAQ SSNC opened at $90.20 on Friday. The firm has a 50-day simple moving average of $84.10 and a two-hundred day simple moving average of $82.09. 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 1 year low of $66.83 and a 1 year high of $91.07. The company has a market cap of $22.03 billion, a P/E ratio of 28.28 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's payout ratio is presently 31.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Needham & Company LLC upped 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. Morgan Stanley upped 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. UBS Group raised 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. Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson raised 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of "Moderate Buy" and an average price target of $97.38.

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.

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