SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Acadian Asset Management LLC

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 reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,000 shares of the technology company's stock after selling 84,886 shares during the quarter. 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 have also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies in the 1st quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter worth $29,000. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies during the 1st quarter worth $30,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SSNC shares. DA Davidson increased their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Raymond James Financial raised their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Finally, Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $89.21 on Monday. The firm has a market capitalization of $21.79 billion, a PE ratio of 27.97 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The stock's 50-day simple moving average is $86.32 and its 200-day simple moving average is $82.15. 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 quarterly 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. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts forecast 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 declared 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 4.8%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's dividend 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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