SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 51.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,186 shares of the technology company's stock after selling 350,729 shares during the quarter. Royal Bank of Canada owned 0.13% of SS&C Technologies worth $27,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its holdings in 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 acquiring an additional 649,864 shares during the period. Janus Henderson Group PLC increased its stake in SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock worth $1,257,869,000 after purchasing an additional 539,483 shares during the period. Commerce Bank increased its stake in SS&C Technologies by 12,105.9% during the first quarter. Commerce Bank now owns 434,775 shares of the technology company's stock worth $36,317,000 after purchasing an additional 431,213 shares during the period. Nuveen LLC purchased a new stake in SS&C Technologies during the first quarter worth about $33,000,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in SS&C Technologies by 180.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,922 shares of the technology company's stock worth $39,921,000 after purchasing an additional 307,483 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SSNC shares. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price target on shares of 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 price target on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, DA Davidson boosted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Stock Down 1.0%

SS&C Technologies stock traded down $0.88 during midday trading on Friday, reaching $89.21. The company's stock had a trading volume of 765,665 shares, compared to its average volume of 1,049,002. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The company has a market cap of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. 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 business has a 50-day simple moving average of $86.32 and a 200-day simple moving average of $82.23.

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. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter 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. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.