SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd has reduced its stake in SS&C Technologies by 26.8%, holding 12,826 shares worth approximately $1,071,000 after selling 4,704 shares in the first quarter.
• SS&C Technologies reported earnings of $1.45 per share, exceeding analysts' expectations, with revenue increasing by 5.9% compared to the same quarter last year.
• Several analysts have increased their price targets for SS&C Technologies, with Needham & Company raising theirs from $90.00 to $100.00 and UBS Group raising their target from $105.00 to $108.00, indicating a positive outlook for the stock.

Gulf International Bank UK Ltd reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,826 shares of the technology company's stock after selling 4,704 shares during the period. Gulf International Bank UK Ltd's holdings in SS&C Technologies were worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SSNC. Atwood & Palmer Inc. grew its holdings in SS&C Technologies by 125.8% in 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 boosted its stake in shares of SS&C Technologies by 634.8% in the first 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 last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies in the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the first quarter worth approximately $29,000. Finally, Colonial Trust Co SC boosted its stake in shares of SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 0.1%

NASDAQ:SSNC traded down $0.1250 on Wednesday, reaching $87.7350. The company's stock had a trading volume of 327,582 shares, compared to its average volume of 1,375,348. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73. 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 firm has a market cap of $21.43 billion, a price-to-earnings ratio of 27.50 and a beta of 1.25. The stock has a 50 day moving average price of $83.60 and a 200 day moving average price of $81.94.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company's revenue for the quarter 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 anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $1.08 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SSNC. DA Davidson lifted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, UBS Group lifted their price objective on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of "Moderate Buy" and an average target price of $97.13.

About SS&C Technologies

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.