SS&C Technologies Holdings, Inc. $SSNC Stock Position Increased by Katamaran Capital LLP

Key Points

• Katamaran Capital LLP increased its stake in SS&C Technologies by 31.0%, making it one of their largest holdings valued at approximately $5.15 million.
• Several analysts have raised their target prices for SS&C Technologies, with notable upgrades from Morgan Stanley and Needham & Company, reflecting overall positive sentiment towards the company.
• SS&C Technologies recently announced a quarterly dividend increase to $1.08 per share, representing an annual yield of 5.1% and a payout ratio of 33.86%.

Katamaran Capital LLP increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 31.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,183 shares of the technology company's stock after buying an additional 14,720 shares during the period. SS&C Technologies accounts for about 4.8% of Katamaran Capital LLP's holdings, making the stock its 6th largest holding. Katamaran Capital LLP's holdings in SS&C Technologies were worth $5,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Callan Family Office LLC purchased a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $335,000. Blair William & Co. IL boosted its stake in SS&C Technologies by 7.0% during the 2nd quarter. Blair William & Co. IL now owns 114,209 shares of the technology company's stock valued at $9,456,000 after purchasing an additional 7,488 shares during the last quarter. Leo Wealth LLC purchased a new stake in SS&C Technologies during the 2nd quarter valued at $203,000. US Bancorp DE boosted its stake in SS&C Technologies by 9.6% during the 2nd quarter. US Bancorp DE now owns 19,396 shares of the technology company's stock valued at $1,606,000 after purchasing an additional 1,697 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its stake in SS&C Technologies by 2.8% during the 2nd quarter. Tectonic Advisors LLC now owns 7,748 shares of the technology company's stock valued at $642,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley increased 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. Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group increased their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday. Finally, Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $84.69 on Friday. The business's fifty day moving average price is $87.89 and its 200-day moving average price is $82.74. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 26.55 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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 for 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 company's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 5.1%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

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.

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