Paradiem LLC Buys New Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Paradiem LLC has acquired a new stake in SS&C Technologies Holdings, purchasing 144,455 shares valued at approximately $11.96 million, making it the firm's 9th largest holding.
• SS&C Technologies has recently increased its quarterly dividend from $0.25 to $1.08, representing an annualized dividend of $4.32 and yielding 4.9%.
• The company reported earnings of $1.45 per share for the last quarter, surpassing estimates, and has projected FY 2025 guidance of 5.820-6.060 EPS.

Paradiem LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 144,455 shares of the technology company's stock, valued at approximately $11,961,000. SS&C Technologies comprises about 3.0% of Paradiem LLC's portfolio, making the stock its 9th biggest holding. Paradiem LLC owned 0.06% of SS&C Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its stake in shares of SS&C Technologies by 29.9% during the first quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA lifted its stake in shares of SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of SS&C Technologies during the first quarter worth about $509,000. Bank of New York Mellon Corp lifted its stake in shares of SS&C Technologies by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock worth $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SS&C Technologies by 403.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after purchasing an additional 60,784 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Stock Up 0.3%

Shares of NASDAQ SSNC opened at $88.12 on Tuesday. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 27.62 and a beta of 1.24. 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 stock's 50-day simple moving average is $87.51 and its 200-day simple moving average is $82.46.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.54 billion during 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%.SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $1.08 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's dividend payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SSNC shares. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Morgan Stanley boosted 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. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Raymond James Financial lifted their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Finally, UBS Group lifted their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus 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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