Senator Investment Group LP Has $85.37 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

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Senator Investment Group LP cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 32.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,022,032 shares of the technology company's stock after selling 497,143 shares during the quarter. SS&C Technologies comprises approximately 4.5% of Senator Investment Group LP's portfolio, making the stock its 3rd biggest holding. Senator Investment Group LP owned approximately 0.41% of SS&C Technologies worth $85,370,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Atwood & Palmer Inc. raised its holdings in shares of 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 period. Larson Financial Group LLC raised its holdings in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. purchased a new position in shares of SS&C Technologies in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies in the 1st quarter worth about $29,000. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies in the 1st quarter worth about $30,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 1.7%

NASDAQ SSNC traded up $1.50 during mid-day trading on Friday, reaching $90.20. 1,923,985 shares of the company's stock traded hands, compared to its average volume of 1,246,718. 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 fifty day simple moving average of $84.10 and a 200-day simple moving average of $82.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 28.28 and a beta of 1.25.

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

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SSNC shares. UBS Group raised 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. Morgan Stanley raised their price objective on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

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.