SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Wedge Capital Management L L P NC

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 grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 15.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 817,539 shares of the technology company's stock after buying an additional 110,434 shares during the quarter. SS&C Technologies accounts for about 1.2% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 9th biggest position. Wedge Capital Management L L P NC owned 0.33% of SS&C Technologies worth $67,692,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. grew its stake in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $30,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

SSNC traded down $1.30 during midday trading on Tuesday, hitting $88.34. 400,738 shares of the company were exchanged, compared to its average volume of 1,338,557. The company's 50 day simple moving average is $87.00 and its 200 day simple moving average is $82.24. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 27.69 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results 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 net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $1.27 EPS. SS&C Technologies'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. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $1.08 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. 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%. SS&C Technologies's dividend payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research reports. Raymond James Financial boosted their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Morgan Stanley upped their target price 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. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group upped their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.38.

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.