Quantbot Technologies LP Purchases New Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Quantbot Technologies LP has acquired 30,740 shares of SS&C Technologies Holdings, Inc., valued at approximately $2,568,000 in the first quarter.
• Several hedge funds have significantly increased their stakes in SS&C Technologies, with Unigestion Holding SA growing their holdings by 861.7% during the same period.
• SS&C Technologies has announced an increase in its quarterly dividend to $1.08 per share, yielding approximately 4.9%, up from a previous quarterly dividend of $0.25.

Quantbot Technologies LP bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,740 shares of the technology company's stock, valued at approximately $2,568,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. raised its position in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after acquiring an additional 166 shares in the last quarter. Larson Financial Group LLC raised its position in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SSNC. JPMorgan Chase & Co. raised their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. DA Davidson lifted 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. UBS Group lifted 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. Wall Street Zen lowered SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Morgan Stanley lifted their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Performance

Shares of SSNC stock traded down $0.16 during midday trading on Tuesday, hitting $89.22. The company had a trading volume of 177,157 shares, compared to its average volume of 1,373,810. The company's 50 day simple moving average is $84.28 and its 200 day simple moving average is $82.12. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 27.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $1.27 EPS. The company's revenue 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. Research 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 business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $1.08 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is 31.35%.

SS&C Technologies Company 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.