Select Equity Group L.P. Buys Shares of 340,655 SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Select Equity Group L.P. invested approximately $28.46 million in SS&C Technologies Holdings, acquiring 340,655 shares during the first quarter, representing about 0.14% of the company's stock.
• SS&C Technologies recently announced a quarterly dividend increase to $1.08 per share, with an annual yield of 4.9%.
• Analysts have varying ratings on SS&C Technologies, with a consensus rating of "Moderate Buy" and a price target of approximately $97.38.

Select Equity Group L.P. bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 340,655 shares of the technology company's stock, valued at approximately $28,455,000. Select Equity Group L.P. owned 0.14% of SS&C Technologies at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in SS&C Technologies by 64.9% in the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after acquiring an additional 880,058 shares during the period. AQR Capital Management LLC grew its stake in SS&C Technologies by 28.7% in the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after acquiring an additional 651,650 shares during the period. Wedge Capital Management L L P NC grew its stake in SS&C Technologies by 1,135.3% in the first 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 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 in the last quarter. Finally, Royal Bank of Canada increased its stake in SS&C Technologies by 173.2% during the 4th quarter. Royal Bank of Canada now owns 680,915 shares of the technology company's stock valued at $51,600,000 after purchasing an additional 431,643 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSNC. Wall Street Zen lowered shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. UBS Group boosted their price target 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. DA Davidson boosted their price target 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. Morgan Stanley boosted their price target 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. Finally, Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.78 during trading on Friday, reaching $89.31. The company's stock had a trading volume of 276,829 shares, compared to its average volume of 1,345,421. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of 27.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average of $86.21 and a 200-day moving average of $82.23. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company 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. The ex-dividend date is Tuesday, September 2nd. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. SS&C Technologies's dividend 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.