Gotham Asset Management LLC Grows Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Gotham Asset Management LLC increased its stake in SS&C Technologies by 20.7%, owning over 240,000 shares valued at approximately $20 million.
• SS&C Technologies' quarterly earnings report showed an EPS of $1.45, exceeding analysts' estimates, with a year-over-year revenue increase of 5.9%.
• The company recently raised its quarterly dividend to $1.08 per share, significantly higher than the previous dividend of $0.25, indicating a dividend yield of 4.9%.

Gotham Asset Management LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 240,048 shares of the technology company's stock after acquiring an additional 41,204 shares during the quarter. Gotham Asset Management LLC owned approximately 0.10% of SS&C Technologies worth $20,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Eventide Asset Management LLC bought a new position in SS&C Technologies in the 1st quarter valued at $478,000. Concentric Capital Strategies LP bought a new position in SS&C Technologies in the 1st quarter valued at $9,822,000. AQR Capital Management LLC grew its position in SS&C Technologies by 28.7% in the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after acquiring an additional 651,650 shares during the last quarter. Amundi grew its position in SS&C Technologies by 81.2% in the 1st quarter. Amundi now owns 665,840 shares of the technology company's stock valued at $53,254,000 after acquiring an additional 298,422 shares during the last quarter. Finally, 1248 Management LLC bought a new position in SS&C Technologies in the 1st quarter valued at $34,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 0.1%

Shares of NASDAQ SSNC traded down $0.09 during mid-day trading on Tuesday, reaching $88.78. 881,394 shares of the company were exchanged, compared to its average volume of 1,355,903. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 27.83 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The firm has a 50-day moving average of $85.86 and a 200 day moving average of $82.13.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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 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%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is 33.86%.

Analyst Ratings Changes

Several equities analysts have commented on SSNC shares. DA Davidson upped their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped 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. UBS Group upped 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. Raymond James Financial upped their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 24th. Finally, Needham & Company LLC upped 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. One 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 stock. According to MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and an average 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.