SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. has increased its stake in SS&C Technologies Holdings, owning a total of 91,111 shares valued at approximately $7.54 million.
• Several hedge funds have modified their holdings, with Vanguard Group and Swedbank AB significantly increasing their shares, leading to 96.95% institutional ownership of the stock.
• SS&C Technologies announced a quarterly dividend of $1.08 per share, raising it from the previous $0.25, reflecting a 5% yield.

Meyer Handelman Co. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,111 shares of the technology company's stock after buying an additional 5,806 shares during the quarter. Meyer Handelman Co.'s holdings in SS&C Technologies were worth $7,544,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock valued at $1,704,134,000 after purchasing an additional 186,440 shares during the period. Burgundy Asset Management Ltd. increased its stake in SS&C Technologies by 3.6% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock worth $433,212,000 after buying an additional 182,200 shares during the period. Swedbank AB lifted its holdings in SS&C Technologies by 72.0% in the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after buying an additional 1,431,620 shares in the last quarter. AQR Capital Management LLC boosted its position in SS&C Technologies by 28.7% in the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after buying an additional 651,650 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of SS&C Technologies by 9.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock valued at $142,447,000 after acquiring an additional 151,708 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SSNC. DA Davidson increased their price target on 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 report on Friday, August 22nd. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. increased their price objective 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, Raymond James Financial lifted their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Down 0.9%

Shares of SS&C Technologies stock opened at $87.12 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 12-month low of $66.83 and a 12-month high of $91.07. The firm has a market capitalization of $21.28 billion, a PE ratio of 27.31 and a beta of 1.24. The stock's fifty day moving average is $87.32 and its 200-day moving average is $82.35.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its 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 period last year, the company posted $1.27 earnings per share. The business's revenue for the quarter 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. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. This is an increase 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 annualized dividend and a yield of 5.0%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.86%.

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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