SS&C Technologies Holdings, Inc. $SSNC Stock Holdings Trimmed by Cwm LLC

Key Points

• Cwm LLC has reduced its stake in SS&C Technologies by 12.7%, selling 5,386 shares and retaining 36,871 shares valued at $3,053,000 as of the last quarter.
• SS&C Technologies announced a quarterly dividend of $1.08, resulting in an annual yield of 5.4%, a significant increase from its previous quarterly dividend of $0.25.
• Analyst ratings for SS&C Technologies have improved, with Morgan Stanley raising its target price to $88.00 and Wall Street Zen upgrading the stock from "hold" to "buy".

Cwm LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,871 shares of the technology company's stock after selling 5,386 shares during the quarter. Cwm LLC's holdings in SS&C Technologies were worth $3,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Larson Financial Group LLC increased its holdings in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies in the first quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new stake in SS&C Technologies in the first quarter valued at about $29,000. Elequin Capital LP bought a new stake in SS&C Technologies in the first quarter valued at about $30,000. Finally, SVB Wealth LLC acquired a new position in SS&C Technologies in the first quarter valued at approximately $33,000. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SSNC shares. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Morgan Stanley lifted their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Raymond James Financial lifted their target price on SS&C Technologies from $95.00 to $101.00 and gave the company a "strong-buy" rating in a research note on Friday. Weiss Ratings restated a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $98.13.

SS&C Technologies Stock Performance

SSNC opened at $79.68 on Friday. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 24.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The business has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $82.65.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results 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 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 firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior 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. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 5.4%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 33.86%.

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.

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