Hsbc Holdings PLC Has $10.88 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Hsbc Holdings PLC increased its stake in SS&C Technologies by 16.1%, owning approximately 0.05% of the company, valued at around $10.88 million.
• SS&C Technologies recently announced a quarterly dividend of $1.08 per share, significantly up from its previous dividend of $0.25, resulting in a yield of 4.8%.
• Analysts predict SS&C Technologies will post an earnings per share of 5.35 for the current fiscal year, with several investment firms adjusting their price targets and ratings for the stock.

Hsbc Holdings PLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,025 shares of the technology company's stock after purchasing an additional 18,149 shares during the period. Hsbc Holdings PLC owned 0.05% of SS&C Technologies worth $10,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Fuller & Thaler Asset Management Inc. grew its holdings in shares of SS&C Technologies by 34.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 63,394 shares of the technology company's stock valued at $5,295,000 after acquiring an additional 16,174 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of SS&C Technologies during the 1st quarter valued at $2,568,000. Northern Trust Corp grew its holdings in shares of SS&C Technologies by 1.5% during the 1st quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company's stock valued at $120,914,000 after acquiring an additional 21,252 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of SS&C Technologies by 24.5% during the 1st quarter. Brooklyn Investment Group now owns 1,200 shares of the technology company's stock valued at $100,000 after acquiring an additional 236 shares in the last quarter. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies during the 1st quarter valued at $30,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Morgan Stanley boosted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group boosted their price target 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. Finally, Raymond James Financial upped their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 24th. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Stock Down 1.3%

NASDAQ:SSNC traded down $1.12 during trading hours on Thursday, reaching $88.37. The company's stock had a trading volume of 774,316 shares, compared to its average volume of 1,373,885. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 27.70 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07. The business's 50-day moving average is $84.67 and its 200-day moving average is $82.22. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The firm 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 revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. 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 research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. 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 presently 33.86%.

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.