Robeco Institutional Asset Management B.V. Has $148 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in SS&C Technologies, raising it by 87.6% to a total of 1,787,419 shares worth approximately $148 million.
• SS&C Technologies recently increased its quarterly dividend to $1.08 per share, representing an annualized yield of 4.9%, up from the previous $0.25 dividend.
• Analysts have raised their price targets for SS&C Technologies, with estimates reaching as high as $110, indicating strong investor interest and growth potential for the company.

Robeco Institutional Asset Management B.V. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 87.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,787,419 shares of the technology company's stock after purchasing an additional 834,393 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.72% of SS&C Technologies worth $147,998,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in SS&C Technologies by 29.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock valued at $1,341,000 after purchasing an additional 3,698 shares during the last quarter. Ritholtz Wealth Management acquired a new position in SS&C Technologies during the 1st quarter valued at $509,000. Bank of New York Mellon Corp raised its stake in SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after purchasing an additional 75,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in SS&C Technologies by 403.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after purchasing an additional 60,784 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in SS&C Technologies by 31.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company's stock valued at $61,522,000 after purchasing an additional 177,079 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.8%

SSNC opened at $88.08 on Thursday. The firm's 50-day simple moving average is $87.70 and its 200-day simple moving average is $82.55. 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 twelve month low of $66.83 and a twelve month high of $91.07. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 27.61 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The firm's quarterly 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. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is currently 33.86%.

Analysts Set New Price Targets

Several research firms recently commented on SSNC. DA Davidson upped 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 note on Friday, July 25th. Raymond James Financial increased 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 note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. UBS Group increased their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley increased their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.38.

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.

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