SS&C Technologies Holdings, Inc. $SSNC Stock Position Lifted by Rivermont Capital Management LP

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 increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 42.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,404 shares of the technology company's stock after buying an additional 64,402 shares during the period. SS&C Technologies comprises about 7.6% of Rivermont Capital Management LP's holdings, 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 SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSNC. Atwood & Palmer Inc. grew its holdings in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC grew 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 acquiring an additional 292 shares during the period. Whittier Trust Co. purchased a new stake in SS&C Technologies in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in SS&C Technologies during the first quarter valued at about $29,000. Finally, Elequin Capital LP bought a new position in SS&C Technologies during the first quarter worth about $30,000. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SSNC shares. JPMorgan Chase & Co. raised their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group increased their price objective on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Raymond James Financial raised their price objective 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. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.88 during mid-day trading on Friday, hitting $89.21. 765,665 shares of the company traded hands, compared to its average volume of 1,049,002. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 27.97 and a beta of 1.24. The stock has a fifty day moving average price of $86.32 and a 200-day moving average price of $82.23.

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 for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the company posted $1.27 EPS. The business'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. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.08 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase 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 4.8%. SS&C Technologies's dividend payout ratio (DPR) is 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.