Acadian Asset Management LLC Sells 84,886 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Acadian Asset Management LLC significantly cut its stake in SS&C Technologies, reducing its holdings by 65.4% during the first quarter and now owns 45,000 shares valued at approximately $3.76 million.
• Several analysts have increased their price targets for SS&C Technologies, with DA Davidson setting a new target of $102.00 and maintaining a "buy" rating, reflecting strong investor sentiment.
• SS&C Technologies announced a higher quarterly dividend of $1.08 per share, up from $0.25, indicating confidence in its financial performance and a commitment to returning value to shareholders.

Acadian Asset Management LLC decreased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 65.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,000 shares of the technology company's stock after selling 84,886 shares during the period. Acadian Asset Management LLC's holdings in SS&C Technologies were worth $3,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of SS&C Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after acquiring an additional 186,440 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of SS&C Technologies by 3.6% in the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock worth $433,212,000 after acquiring an additional 182,200 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of SS&C Technologies by 28.7% in the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock worth $238,338,000 after acquiring an additional 651,650 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of SS&C Technologies by 9.8% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock worth $142,447,000 after acquiring an additional 151,708 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of SS&C Technologies by 1.5% in the first quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company's stock worth $120,914,000 after acquiring an additional 21,252 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SSNC shares. JPMorgan Chase & Co. raised their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. UBS Group lifted their price target 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, DA Davidson boosted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.66 during trading on Friday, reaching $88.59. The company's stock had a trading volume of 2,101,110 shares, compared to its average volume of 952,487. The stock has a 50-day moving average price of $86.88 and a two-hundred day moving average price of $82.26. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07. The stock has a market capitalization of $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.9%. This is an increase 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 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.