Rivermont Capital Management LP Has $17.91 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Rivermont Capital Management LP increased its stake in SS&C Technologies by 42.9%, acquiring an additional 64,402 shares, bringing its total holdings to 214,404 shares.
• SS&C Technologies recently announced a quarterly dividend of $1.08 per share, representing a significant increase from its previous dividend of $0.25, with a yield of 4.9%.
• Analyst ratings for SS&C Technologies show a consensus average of "Moderate Buy" with target price adjustments from various institutions, now ranging from $94.00 to $110.00.

Rivermont Capital Management LP grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 42.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,404 shares of the technology company's stock after purchasing an additional 64,402 shares during the period. SS&C Technologies comprises about 7.6% of Rivermont Capital Management LP's investment portfolio, making the stock its 5th biggest position. Rivermont Capital Management LP owned about 0.09% of SS&C Technologies worth $17,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atwood & Palmer Inc. grew its position in SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC boosted 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 valued at $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 valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSNC has been the topic of several recent research reports. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group lifted their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Raymond James Financial lifted their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, DA Davidson lifted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

NASDAQ:SSNC traded down $0.88 on Friday, reaching $89.21. The stock had a trading volume of 765,665 shares, compared to its average volume of 1,026,170. The company has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average price of $86.32 and a 200-day moving average price of $82.15.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly 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 analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. 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 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 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 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 dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's payout ratio is presently 33.86%.

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.