SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in SS&C Technologies Holdings by 75.5% during the first quarter, owning 16,073 shares valued at $1.34 million.
• Several other institutional investors, including Northern Trust Corp and Bank of America Corp DE, boosted their holdings in SS&C, indicating strong institutional interest in the company.
• SS&C Technologies declared a quarterly dividend of $1.08 per share, marking a significant increase from its previous dividend and reflecting a yield of 4.9%.

Kestra Advisory Services LLC grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 75.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,073 shares of the technology company's stock after purchasing an additional 6,917 shares during the period. Kestra Advisory Services LLC's holdings in SS&C Technologies were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SSNC. Northern Trust Corp increased its stake in SS&C Technologies by 10.5% during the 4th quarter. Northern Trust Corp now owns 1,426,304 shares of the technology company's stock valued at $108,085,000 after buying an additional 135,073 shares during the period. Comerica Bank boosted its holdings in shares of SS&C Technologies by 8.9% in the fourth quarter. Comerica Bank now owns 34,730 shares of the technology company's stock valued at $2,632,000 after acquiring an additional 2,843 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $12,916,000. Benjamin Edwards Inc. raised its holdings in SS&C Technologies by 12.7% during the fourth quarter. Benjamin Edwards Inc. now owns 66,217 shares of the technology company's stock worth $5,018,000 after purchasing an additional 7,441 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in SS&C Technologies by 64.9% in the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after purchasing an additional 880,058 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Raymond James Financial boosted their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. DA Davidson upped their price target 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 stock a "buy" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Trading Up 0.3%

Shares of SSNC opened at $88.66 on Monday. The business's 50-day moving average price is $85.04 and its 200 day moving average price is $82.15. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $21.65 billion, a P/E ratio of 27.79 and a beta of 1.24. 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 posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.9%. The ex-dividend date is 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 is presently 31.35%.

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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