SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in SS&C Technologies by 6.6% to a total of 66,561 shares worth approximately $5.55 million following a recent purchase.
• SS&C Technologies reported $1.45 earnings per share for the last quarter, exceeding estimates, and had a revenue increase of 5.9% compared to the previous year.
• The company announced a quarterly dividend of $0.25 per share, which represents an annual yield of 1.2% and a payout ratio of 31.35%.

Resona Asset Management Co. Ltd. raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,561 shares of the technology company's stock after acquiring an additional 4,095 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in SS&C Technologies were worth $5,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after purchasing an additional 880,058 shares during the last quarter. Senator Investment Group LP lifted its holdings in shares of SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after purchasing an additional 869,175 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after purchasing an additional 780,616 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of SS&C Technologies by 1,135.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after purchasing an additional 649,864 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of SS&C Technologies by 3.4% during the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after purchasing an additional 539,483 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

SSNC has been the subject of several analyst reports. Raymond James Financial increased their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. 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 note on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, UBS Group raised their target price on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One investment 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.13.

SS&C Technologies Price Performance

SSNC stock traded down $0.24 during trading on Wednesday, hitting $87.62. The stock had a trading volume of 283,923 shares, compared to its average volume of 1,375,203. 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 twelve month low of $66.83 and a twelve month high of $89.73. The stock has a market capitalization of $21.40 billion, a P/E ratio of 27.47 and a beta of 1.25. The company's 50-day moving average price is $83.60 and its two-hundred day moving average price is $81.94.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.52 billion. During the same period in the previous year, the firm posted $1.27 EPS. SS&C Technologies's revenue 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. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS 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. Investors of record on Tuesday, September 2nd will be issued a $1.08 dividend. 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 4.9%. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 31.35%.

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.