Pzena Investment Management LLC Raises Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Pzena Investment Management LLC increased its holdings in SS&C Technologies by 0.4%, now owning 10,460,579 shares, making it the firm's 13th largest holding.
• Wall Street analysts have a positive outlook for SS&C Technologies, with target prices ranging from $88 to $110 and a general rating of "Moderate Buy".
• SS&C Technologies recently raised its quarterly dividend to $1.08, resulting in an annualized payout of $4.32 and a yield of 5.2%.

Pzena Investment Management LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,460,579 shares of the technology company's stock after acquiring an additional 37,134 shares during the period. SS&C Technologies makes up approximately 2.8% of Pzena Investment Management LLC's investment portfolio, making the stock its 13th largest holding. Pzena Investment Management LLC owned 4.24% of SS&C Technologies worth $866,136,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SSNC. Farther Finance Advisors LLC grew its stake in shares of SS&C Technologies by 37.6% during the first quarter. Farther Finance Advisors LLC now owns 1,600 shares of the technology company's stock worth $133,000 after acquiring an additional 437 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of SS&C Technologies by 20.0% during the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company's stock worth $275,000 after acquiring an additional 549 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of SS&C Technologies by 581.7% during the first quarter. SG Americas Securities LLC now owns 28,960 shares of the technology company's stock worth $2,419,000 after acquiring an additional 24,712 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of SS&C Technologies by 16.4% during the first quarter. Assenagon Asset Management S.A. now owns 59,990 shares of the technology company's stock worth $5,011,000 after acquiring an additional 8,440 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in SS&C Technologies by 35.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,788 shares of the technology company's stock valued at $734,000 after buying an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SSNC shares. DA Davidson upped their target price on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group upped their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Morgan Stanley upped their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Trading Down 2.8%

Shares of NASDAQ:SSNC opened at $82.29 on Monday. 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 market capitalization of $20.10 billion, a PE ratio of 25.80 and a beta of 1.23. The business has a 50 day moving average of $87.85 and a two-hundred day moving average of $82.72. 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 (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $1.27 earnings per share. SS&C Technologies's revenue for the quarter was up 5.9% on a year-over-year basis. 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, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $1.08 dividend. 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. This represents a $4.32 dividend on an annualized basis and a yield of 5.2%. SS&C Technologies's dividend payout ratio is presently 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.

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