SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in SS&C Technologies by 77.1% in Q2, now holding 10,782 shares worth approximately $893,000.
• SS&C Technologies reported better-than-expected quarterly earnings with an EPS of $1.45, exceeding the consensus estimate of $1.39.
• The company recently announced an increase in its quarterly dividend from $0.25 to $1.08, resulting in an annualized dividend of $4.32 and a yield of 5.4%.

Ritholtz Wealth Management raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 77.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,782 shares of the technology company's stock after acquiring an additional 4,693 shares during the period. Ritholtz Wealth Management's holdings in SS&C Technologies were worth $893,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. J.Safra Asset Management Corp increased its position in shares of SS&C Technologies by 10.3% during the second quarter. J.Safra Asset Management Corp now owns 3,620 shares of the technology company's stock valued at $296,000 after acquiring an additional 337 shares during the last quarter. Bayforest Capital Ltd grew its holdings in shares of SS&C Technologies by 26.6% in the second quarter. Bayforest Capital Ltd now owns 1,237 shares of the technology company's stock valued at $102,000 after purchasing an additional 260 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of SS&C Technologies by 1.6% in the second quarter. Wilmington Savings Fund Society FSB now owns 32,849 shares of the technology company's stock valued at $2,720,000 after purchasing an additional 511 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of SS&C Technologies by 10.4% in the second quarter. Verdence Capital Advisors LLC now owns 88,674 shares of the technology company's stock valued at $7,342,000 after purchasing an additional 8,370 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of SS&C Technologies by 193.2% in the second quarter. Sequoia Financial Advisors LLC now owns 9,356 shares of the technology company's stock valued at $775,000 after purchasing an additional 6,165 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.2%

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. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The stock has a market capitalization of $19.46 billion, a PE ratio of 24.98 and a beta of 1.23. The firm has a 50 day moving average of $87.32 and a two-hundred day moving average of $82.64.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The firm's revenue was up 5.9% on a year-over-year basis. 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, research analysts expect 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 announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

Analyst Ratings Changes

A number of research analysts recently weighed in on SSNC shares. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $95.00 to $101.00 and gave the company a "strong-buy" rating in a report on Friday. DA Davidson lifted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a report on Friday, July 25th. UBS Group lifted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. 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 report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.13.

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.

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