SS&C Technologies Holdings, Inc. $SSNC Position Lessened by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC has reduced its holdings in SS&C Technologies by 8.1%, now owning 135,398 shares valued at approximately $11.21 million.
• SS&C Technologies' recent earnings report surpassed estimates, showing $1.45 EPS and 5.9% year-over-year revenue growth.
• The company has increased its quarterly dividend to $1.08 per share, significantly up from the previous $0.25, representing a yield of 4.9%.

Reinhart Partners LLC. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,398 shares of the technology company's stock after selling 11,919 shares during the period. Reinhart Partners LLC. owned approximately 0.05% of SS&C Technologies worth $11,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Larson Financial Group LLC increased its position in 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 purchasing an additional 292 shares during the period. 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, Elequin Capital LP purchased a new position in shares of SS&C Technologies during the 1st quarter worth approximately $30,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SSNC. Morgan Stanley increased their target price on 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. Needham & Company LLC increased their target price on 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. increased their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note 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 report on Friday, August 22nd. Finally, 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. One 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. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Down 0.7%

Shares of NASDAQ:SSNC traded down $0.66 during trading on Friday, hitting $88.59. The company's stock had a trading volume of 2,101,110 shares, compared to its average volume of 952,487. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $21.64 billion, a PE ratio of 27.77 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The stock's 50-day moving average price is $86.88 and its two-hundred day moving average price is $82.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $1.27 earnings per share. SS&C Technologies's quarterly 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. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. SS&C Technologies's payout ratio is currently 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.