Price T Rowe Associates Inc. MD Cuts Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in SS&C Technologies by 3.4%, holding approximately $300.28 million worth of shares after selling 126,513 during the 1st quarter.
• Several institutional investors significantly increased their stakes in SS&C Technologies during the 4th quarter, with MML Investors Services LLC and MGO One Seven LLC growing their positions by over 100% and 200%, respectively.
• SS&C Technologies announced a quarterly dividend increase to $1.08 per share, up from the previous $0.25, reflecting a 4.8% yield, and is scheduled for payment on September 15th.

Price T Rowe Associates Inc. MD trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,594,854 shares of the technology company's stock after selling 126,513 shares during the period. Price T Rowe Associates Inc. MD owned 1.46% of SS&C Technologies worth $300,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SSNC. Atwood & Palmer Inc. grew its holdings in shares of SS&C Technologies by 125.8% in the first 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 period. Larson Financial Group LLC increased its position in 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 purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in SS&C Technologies during the first quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. Finally, Elequin Capital LP purchased a new stake in shares of SS&C Technologies during the 1st quarter worth approximately $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 1.2%

Shares of SSNC traded down $1.11 during mid-day trading on Thursday, hitting $88.38. The company had a trading volume of 507,376 shares, compared to its average volume of 1,371,738. The business's 50-day simple moving average is $84.67 and its 200-day simple moving average is $82.22. The company has a quick ratio of 1.14, a current 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. The stock has a market cap of $21.58 billion, a PE ratio of 27.68 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 EPS 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $1.27 earnings per share. 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. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $1.08 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.9%. SS&C Technologies's payout ratio is 33.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SSNC shares. Morgan Stanley increased their price target on shares of 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. Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. DA Davidson increased their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial raised their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.