Park Avenue Securities LLC Has $4.27 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Park Avenue Securities LLC increased its holdings in SS&C Technologies by 15.9% during the second quarter, bringing its total stake to $4.27 million.
• A significant number of hedge funds have increased their stakes in SS&C Technologies, with Swedbank AB raising its holdings by 72.0%.
• SS&C Technologies recently raised its quarterly dividend to $1.08 per share, reflecting an annualized yield of 4.8%.

Park Avenue Securities LLC lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 15.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,613 shares of the technology company's stock after buying an additional 7,065 shares during the period. Park Avenue Securities LLC's holdings in SS&C Technologies were worth $4,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SSNC. Swedbank AB raised its holdings in shares of SS&C Technologies by 72.0% in the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after buying an additional 1,431,620 shares in the last quarter. AQR Capital Management LLC increased its holdings in SS&C Technologies by 28.7% during the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after purchasing an additional 651,650 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in SS&C Technologies by 1,135.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after purchasing an additional 649,864 shares in the last quarter. Commerce Bank increased its holdings in SS&C Technologies by 12,105.9% during the 1st quarter. Commerce Bank now owns 434,775 shares of the technology company's stock valued at $36,317,000 after purchasing an additional 431,213 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in SS&C Technologies during the 1st quarter valued at $33,000,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SSNC. DA Davidson raised their price target on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. UBS Group raised their price target on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, 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 research report on Thursday, July 24th. 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 company. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $89.64 on Tuesday. The company has a market capitalization of $21.89 billion, a PE ratio of 28.10 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock's fifty day simple moving average is $87.00 and its 200 day simple moving average is $82.24.

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 the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was 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 33.86%.

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.

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