Philosophy Capital Management LLC Boosts Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Philosophy Capital Management LLC increased its stake in SS&C Technologies by 9% in Q1, now owning approximately $14 million worth of stock, making it the company's 21st largest holding.
• SS&C Technologies has announced a quarterly dividend of $1.08 per share, a significant increase from the previous $0.25, representing a 4.9% yield.
• Analysts have raised their price targets for SS&C Technologies, with UBS Group setting a target of $110.00 and consensus rating of "Moderate Buy" among research firms.

Philosophy Capital Management LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,638 shares of the technology company's stock after acquiring an additional 13,879 shares during the period. SS&C Technologies comprises approximately 1.0% of Philosophy Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Philosophy Capital Management LLC owned approximately 0.07% of SS&C Technologies worth $14,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV raised its stake in SS&C Technologies by 2.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 27,884 shares of the technology company's stock worth $2,329,000 after buying an additional 556 shares in the last quarter. NewEdge Advisors LLC raised its stake in SS&C Technologies by 6,069.0% in the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company's stock worth $216,000 after buying an additional 2,549 shares in the last quarter. Millennium Management LLC raised its stake in SS&C Technologies by 349.1% in the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company's stock worth $14,754,000 after buying an additional 137,301 shares in the last quarter. Gotham Asset Management LLC raised its stake in SS&C Technologies by 20.7% in the first quarter. Gotham Asset Management LLC now owns 240,048 shares of the technology company's stock worth $20,051,000 after buying an additional 41,204 shares in the last quarter. Finally, Eventide Asset Management LLC bought a new position in SS&C Technologies in the first quarter worth approximately $478,000. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group upped their price target 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. DA Davidson upped their price target 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. Finally, Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Stock Performance

SSNC traded up $1.47 during midday trading on Thursday, hitting $89.93. 379,782 shares of the company were exchanged, compared to its average volume of 1,347,513. The company's 50 day simple moving average is $86.08 and its 200 day simple moving average is $82.22. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 28.17 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The company 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 for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, sell-side analysts predict 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. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.8%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

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.