Meiji Yasuda Asset Management Co Ltd. Acquires 15,083 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in SS&C Technologies Holdings, Inc. by 33.6%, now holding nearly 60,000 shares valued at over $5 million.
• SS&C Technologies has announced a quarterly dividend payment of $1.08, significantly up from the previous dividend of $0.25, resulting in an annual yield of 4.9%.
• The company's stock has received several target price upgrades from analysts, with the consensus target price now at $97.38 and a general rating of "Moderate Buy."

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 33.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,940 shares of the technology company's stock after buying an additional 15,083 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in SS&C Technologies were worth $5,007,000 at the end of the most recent reporting period.

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

SS&C Technologies Trading Down 1.0%

SSNC stock traded down $0.88 during midday trading on Friday, hitting $89.21. The company had a trading volume of 765,665 shares, compared to its average volume of 1,026,170. 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 52 week low of $66.83 and a 52 week high of $91.07. The stock's 50 day moving average price is $86.32 and its 200 day moving average price is $82.15. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 27.97 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business's revenue was up 5.9% on a year-over-year basis. 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio is currently 33.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DA Davidson boosted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley boosted their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. 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 research report on Thursday, July 24th. Finally, Raymond James Financial boosted their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. One research 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 company's stock. According to MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $97.38.

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.