National Pension Service Lowers Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• National Pension Service has reduced its stake in SS&C Technologies by 70.5%, leaving it with approximately 0.06% of the company, valued at $12 million.
• SS&C Technologies recently reported $1.45 EPS for the last quarter, exceeding analysts' expectations, and had a revenue increase of 5.9% year-over-year.
• Several research firms have upgraded their ratings for SS&C Technologies, with an average price target of $97.13, reflecting a mostly positive outlook from analysts.

National Pension Service lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 70.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,055 shares of the technology company's stock after selling 344,038 shares during the period. National Pension Service owned about 0.06% of SS&C Technologies worth $12,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased 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 in the last quarter. Unigestion Holding SA boosted its holdings in shares of SS&C Technologies by 861.7% during the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after acquiring an additional 85,427 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of SS&C Technologies during the 1st quarter valued at about $509,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 75,807 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 acquiring an additional 60,784 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SSNC. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted 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 report on Thursday, July 24th. Raymond James Financial lifted 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 report on Thursday, July 24th. UBS Group lifted their price objective on shares of SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, 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 report on Thursday, July 24th. One 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 MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $97.13.

SS&C Technologies Stock Down 0.1%

Shares of SSNC traded down $0.1250 during mid-day trading on Wednesday, hitting $87.7350. 327,582 shares of the company traded hands, compared to its average volume of 1,375,348. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $89.73. The business has a 50 day moving average of $83.60 and a 200 day moving average of $81.94. 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 company has a market capitalization of $21.43 billion, a PE ratio of 27.50 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate 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 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 posted $1.27 EPS. The business'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 year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, September 2nd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 31.35%.

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.