USS Investment Management Ltd Trims Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• USS Investment Management Ltd. reduced its stake in SS&C Technologies by **31.2%**, selling 17,300 shares, which now leaves them with 38,129 shares valued at **$3.18 million**.
• Institutional investors own **96.95%** of SS&C Technologies, with multiple hedge funds increasing their holdings significantly in the first quarter of the year.
• SS&C Technologies recently announced a dividend increase to **$1.08 per share**, up from $0.25, representing an **annual yield of 4.9%**.

USS Investment Management Ltd reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,129 shares of the technology company's stock after selling 17,300 shares during the quarter. USS Investment Management Ltd's holdings in SS&C Technologies were worth $3,184,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Select Equity Group L.P. purchased a new position in SS&C Technologies during the first quarter valued at approximately $28,455,000. Petrus Trust Company LTA purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $541,000. Philosophy Capital Management LLC increased its position in shares of SS&C Technologies by 9.0% in the first quarter. Philosophy Capital Management LLC now owns 167,638 shares of the technology company's stock valued at $14,003,000 after buying an additional 13,879 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of SS&C Technologies by 2.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 27,884 shares of the technology company's stock valued at $2,329,000 after buying an additional 556 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of SS&C Technologies by 6,069.0% in the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company's stock valued at $216,000 after buying an additional 2,549 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SSNC. Morgan Stanley boosted their price objective on 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. Raymond James Financial lifted their price target on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. UBS Group lifted their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. DA Davidson lifted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Trading Down 1.0%

NASDAQ SSNC traded down $0.88 on Friday, reaching $89.21. 765,665 shares of the company were exchanged, compared to its average volume of 1,026,170. The business's fifty day moving average price is $86.32 and its 200 day moving average price is $82.15. The stock has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. 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 fifty-two week low of $66.83 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data 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 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 for the quarter 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. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. This is an increase 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 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.