SS&C Technologies Holdings, Inc. $SSNC Holdings Increased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its holdings in SS&C Technologies Holdings by 193.2% during the second quarter, owning a total of 9,356 shares worth $775,000.
• SS&C Technologies reported $1.45 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, and projected FY 2025 EPS guidance between 5.820-6.060.
• The company recently raised its quarterly dividend to $1.08, reflecting a significant increase from the previous dividend of $0.25, resulting in an annualized payout of $4.32.

Sequoia Financial Advisors LLC lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 193.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,356 shares of the technology company's stock after purchasing an additional 6,165 shares during the period. Sequoia Financial Advisors LLC's holdings in SS&C Technologies were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after purchasing an additional 186,440 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of SS&C Technologies by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 10,460,579 shares of the technology company's stock worth $866,136,000 after purchasing an additional 37,134 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of SS&C Technologies by 3.6% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock worth $433,212,000 after purchasing an additional 182,200 shares during the last quarter. Swedbank AB grew its stake in shares of SS&C Technologies by 72.0% in the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after purchasing an additional 1,431,620 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of SS&C Technologies by 28.7% in the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock worth $238,338,000 after purchasing an additional 651,650 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $79.68 on Friday. 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 stock has a market capitalization of $19.46 billion, a PE ratio of 24.98 and a beta of 1.23. The company has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $82.64. 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 posted its earnings results 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 analysts' expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. SS&C Technologies's dividend payout ratio is presently 33.86%.

Analyst Ratings Changes

SSNC has been the topic of several analyst reports. Raymond James Financial lifted their target price on shares of SS&C Technologies from $95.00 to $101.00 and gave the stock a "strong-buy" rating in a research report on Friday. UBS Group lifted their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. JPMorgan Chase & Co. lifted their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, DA Davidson lifted their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.13.

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.

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