SS&C Technologies Holdings, Inc. $SSNC Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its stake in SS&C Technologies by 48.7%, holding 4,320 shares valued at approximately $361,000 after selling 4,103 shares during the first quarter.
• Several institutions, including Vanguard Group and Bank of America, have increased their holdings in SS&C Technologies, with institutional investors now owning 96.95% of the company's stock.
• SS&C Technologies recently announced a quarterly dividend of $1.08 per share, reflecting an increase from the previous dividend of $0.25, with a new annualized yield of 4.9%.

State of Wyoming lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,320 shares of the technology company's stock after selling 4,103 shares during the quarter. State of Wyoming's holdings in SS&C Technologies were worth $361,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Private Wealth Services LLC raised its holdings in shares of SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock valued at $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA raised its stake in shares of SS&C Technologies by 861.7% during the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after acquiring an additional 85,427 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $509,000. Bank of New York Mellon Corp raised its stake in shares of SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock worth $99,486,000 after acquiring an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SS&C Technologies by 403.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after acquiring an additional 60,784 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC stock traded down $0.33 during trading hours on Wednesday, hitting $87.19. The company's stock had a trading volume of 860,860 shares, compared to its average volume of 1,115,482. The company has a 50 day moving average of $85.45 and a 200 day moving average of $82.22. The stock has a market cap of $21.29 billion, a PE ratio of 27.33 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 12-month low of $66.83 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal 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 given 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 yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Raymond James Financial boosted their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. One research 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 stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

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.