SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies LLC reduced its stake in SS&C Technologies by 53.4% during the second quarter, now owning 15,677 shares valued at approximately $1.3 million.
• Several hedge funds adjusted their positions, with Sylvest Advisors LLC increasing their holdings by 24.3% during the same period.
• SS&C Technologies announced a quarterly dividend of $1.08 per share, reflecting an increase from their previous dividend, contributing to a 4.9% dividend yield.

Archford Capital Strategies LLC cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 53.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,677 shares of the technology company's stock after selling 17,956 shares during the period. Archford Capital Strategies LLC's holdings in SS&C Technologies were worth $1,298,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of SS&C Technologies in the second quarter worth approximately $215,000. Signaturefd LLC boosted its position in shares of SS&C Technologies by 6.8% in the second quarter. Signaturefd LLC now owns 3,639 shares of the technology company's stock worth $301,000 after acquiring an additional 231 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its holdings in shares of SS&C Technologies by 0.8% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 188,060 shares of the technology company's stock worth $15,571,000 after purchasing an additional 1,530 shares during the period. Meyer Handelman Co. grew its holdings in shares of SS&C Technologies by 6.8% during the 2nd quarter. Meyer Handelman Co. now owns 91,111 shares of the technology company's stock worth $7,544,000 after purchasing an additional 5,806 shares during the period. Finally, Sylvest Advisors LLC grew its holdings in shares of SS&C Technologies by 24.3% during the 2nd quarter. Sylvest Advisors LLC now owns 6,492 shares of the technology company's stock worth $538,000 after purchasing an additional 1,270 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSNC. UBS Group boosted their target price on 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 upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. DA Davidson boosted their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Up 0.9%

NASDAQ SSNC opened at $87.87 on Monday. The stock has a market cap of $21.46 billion, a PE ratio of 27.55 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 business has a 50 day moving average price of $87.41 and a two-hundred day moving average price of $82.42. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly 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 analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.SS&C Technologies's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

About SS&C Technologies

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.

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.