Dimensional Fund Advisors LP Decreases Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Dimensional Fund Advisors LP has reduced its stake in SS&C Technologies by 8.8%, now holding approximately 1.17% of the company, worth around $240 million.
• Several analysts have increased their price targets for SS&C Technologies, with JPMorgan raising it to $94 and Needham up to $100, reflecting a positive sentiment towards the stock.
• The company recently declared a significant increase in its quarterly dividend, from $0.25 to $1.08, indicating a strong financial performance with a yield of 4.9%.

Dimensional Fund Advisors LP cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,879,863 shares of the technology company's stock after selling 278,615 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.17% of SS&C Technologies worth $240,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SSNC. Atwood & Palmer Inc. lifted its holdings in SS&C Technologies by 125.8% during the first 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 lifted its holdings in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new stake in SS&C Technologies during the first quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new stake in SS&C Technologies during the first quarter valued at about $29,000. Finally, Colonial Trust Co SC lifted its holdings in SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on SSNC. Morgan Stanley raised their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Raymond James Financial boosted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Finally, DA Davidson boosted their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Price Performance

SSNC traded up $1.50 on Friday, reaching $90.20. The company had a trading volume of 1,923,985 shares, compared to its average volume of 1,246,718. The business has a 50 day simple moving average of $84.10 and a 200 day simple moving average of $82.09. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 28.28 and a beta of 1.25. 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 Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for 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%. SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm 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, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $1.08 dividend. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. SS&C Technologies's payout ratio is 31.35%.

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.