SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in SS&C Technologies by 191.9%, owning 179,108 shares worth approximately $14.83 million after acquiring an additional 117,749 shares in Q2.
• Wall Street analysts have given SS&C Technologies an average rating of "Moderate Buy" with a consensus price target of $97.38 after several price adjustments.
• The company recently announced a quarterly dividend of $1.08, representing a 4.9% dividend yield, which is an increase from its previous quarterly dividend of $0.25.

QRG Capital Management Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 191.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 179,108 shares of the technology company's stock after acquiring an additional 117,749 shares during the quarter. QRG Capital Management Inc. owned approximately 0.07% of SS&C Technologies worth $14,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. boosted its position in SS&C Technologies by 6.9% during the second quarter. ZWJ Investment Counsel Inc. now owns 353,953 shares of the technology company's stock worth $29,307,000 after acquiring an additional 22,697 shares during the last quarter. Boyar Asset Management Inc. boosted its position in SS&C Technologies by 2.1% during the second quarter. Boyar Asset Management Inc. now owns 17,180 shares of the technology company's stock worth $1,422,000 after acquiring an additional 346 shares during the last quarter. Hilltop National Bank acquired a new stake in SS&C Technologies during the second quarter worth approximately $116,000. Robeco Institutional Asset Management B.V. boosted its position in SS&C Technologies by 87.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company's stock worth $147,998,000 after acquiring an additional 834,393 shares during the last quarter. Finally, Paradiem LLC acquired a new stake in SS&C Technologies during the second quarter worth approximately $11,961,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SSNC shares. Wall Street Zen lowered shares of SS&C Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reiterated a "buy (b)" rating on shares of SS&C Technologies in a report on Saturday, September 27th. Needham & Company LLC lifted 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. DA Davidson lifted 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. Finally, JPMorgan Chase & Co. lifted 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. One investment 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

SSNC opened at $87.89 on Friday. The company has a 50-day moving average of $87.79 and a 200-day moving average of $82.62. The company has a market capitalization of $21.46 billion, a P/E ratio of 27.55 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current 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 the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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 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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio 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.

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