SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in SS&C Technologies Holdings, Inc. by 16.7%, owning a total of 757,636 shares valued at approximately $63.3 million.
• SS&C Technologies announced an increase in its quarterly dividend to $1.08, representing a 4.9% dividend yield, payable on September 15th.
• The company's stock has a market cap of $21.47 billion and analysts have given it an average rating of "Moderate Buy" with a consensus price target of $97.13.

Raymond James Financial Inc. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 757,636 shares of the technology company's stock after buying an additional 108,668 shares during the period. Raymond James Financial Inc. owned about 0.31% of SS&C Technologies worth $63,285,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atwood & Palmer Inc. raised its stake 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 buying an additional 166 shares in the last quarter. Larson Financial Group LLC raised its stake 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 buying an additional 292 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. Finally, True Wealth Design LLC raised its stake in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after buying an additional 342 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.16 during trading hours on Tuesday, reaching $89.54. 1,255,187 shares of the company traded hands, compared to its average volume of 1,239,245. The firm's 50-day moving average is $84.47 and its 200-day moving average is $82.17. The stock has a market cap of $21.87 billion, a P/E ratio of 28.07 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 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 earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's payout ratio is 31.35%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of analyst reports. Raymond James Financial increased their target price on 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. 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 report on Friday, July 25th. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, 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 report on Friday. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.