Wedge Capital Management L L P NC Acquires 110,434 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Wedge Capital Management L L P NC has increased its stake in SS&C Technologies Holdings, Inc. by 15.6% in Q2, making it the fund's 9th largest position, with holdings valued at approximately $67.7 million.
• SS&C Technologies reported a quarterly EPS of $1.45, surpassing analysts' expectations, and has also announced a significant increase in its quarterly dividend from $0.25 to $1.08 per share.
• Analysts have generally upgraded their ratings and target prices for SS&C Technologies, with a **consensus price target** now set at $97.38 and multiple upgrades to "buy" ratings from firms like UBS and Needham & Company.

Wedge Capital Management L L P NC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,539 shares of the technology company's stock after purchasing an additional 110,434 shares during the quarter. SS&C Technologies accounts for 1.2% of Wedge Capital Management L L P NC's holdings, making the stock its 9th biggest position. Wedge Capital Management L L P NC owned about 0.33% of SS&C Technologies worth $67,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 in the last quarter. Larson Financial Group LLC increased its position 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 in the last quarter. Whittier Trust Co. purchased a new position in shares of SS&C Technologies in the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies in the first quarter worth approximately $29,000. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies in the first quarter worth approximately $30,000. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $0.66 on Friday, reaching $88.59. The stock had a trading volume of 2,101,110 shares, compared to its average volume of 961,344. The business's 50-day moving average price is $86.88 and its two-hundred day moving average price is $82.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The stock has a market cap of $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company earned $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. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Raymond James Financial boosted 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. Morgan Stanley boosted their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

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.