Fuller & Thaler Asset Management Inc. Acquires 16,174 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in SS&C Technologies by 34.3%, owning 63,394 shares valued at about $5.3 million, as noted in their recent 13F filing.
• SS&C Technologies recently announced a quarterly dividend increase to $1.08 per share, up from $0.25, resulting in an annualized yield of 4.9%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for SS&C Technologies, with price targets from various firms ranging from $88.00 to $108.00.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 34.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,394 shares of the technology company's stock after acquiring an additional 16,174 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in SS&C Technologies were worth $5,295,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after acquiring an additional 166 shares in the last quarter. Larson Financial Group LLC increased its position in shares of SS&C Technologies by 634.8% during the 1st 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. acquired a new position in shares of SS&C Technologies during the 1st quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies during the 1st quarter valued at $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies during the 1st quarter valued at $30,000. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SSNC shares. Raymond James Financial lifted their price target on 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 lifted 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 lifted 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 lifted 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. Finally, JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One investment 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Performance

SS&C Technologies stock traded down $0.16 during trading hours on Tuesday, hitting $89.22. The stock had a trading volume of 177,157 shares, compared to its average volume of 1,373,810. The company has a 50-day moving average of $84.28 and a two-hundred day moving average of $82.12. 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 cap of $21.79 billion, a PE ratio of 27.95 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $1.27 EPS. The company's 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, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $1.08 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio is currently 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.