395,073 Shares in SS&C Technologies Holdings, Inc. $SSNC Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 395,073 shares of SS&C Technologies Holdings, Inc. for approximately $33 million, representing 0.16% ownership of the company.
• Prominent institutional investors such as Vanguard Group, Janus Henderson Group, and Bank of America significantly increased their stakes, with ownership by institutional investors now at 96.95%.
• SS&C Technologies reported a 5.9% increase in revenue year over year, totaling $1.54 billion for the quarter, along with an EPS of $1.45.

Nuveen LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 395,073 shares of the technology company's stock, valued at approximately $33,000,000. Nuveen LLC owned approximately 0.16% of SS&C Technologies as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Atwood & Palmer Inc. raised its position in SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC raised its position 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 acquiring an additional 292 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of SS&C Technologies during the first quarter worth $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies during the first quarter worth $29,000. Finally, Colonial Trust Co SC raised its position in shares of SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent analyst reports. UBS Group upped their price objective on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. DA Davidson upped their price objective 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. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial upped their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.13.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.0550 during mid-day trading on Wednesday, hitting $87.9150. 257,625 shares of the stock traded hands, compared to its average volume of 1,374,953. The company has a market cap of $21.47 billion, a PE ratio of 27.55 and a beta of 1.25. 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 twelve month low of $66.83 and a twelve month high of $89.73. The firm has a 50 day simple moving average of $83.60 and a two-hundred day simple moving average of $81.94.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $1.27 EPS. SS&C Technologies's revenue for the quarter 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. As a group, equities research analysts forecast 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 will be paid on Monday, September 15th. Stockholders 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 dividend yield of 4.9%. The ex-dividend date is Tuesday, September 2nd. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is presently 31.35%.

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.