Strs Ohio Invests $25.27 Million in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Strs Ohio has made a new investment in SS&C Technologies Holdings, Inc., acquiring 302,471 shares valued at approximately $25.27 million, during the first quarter.
• SS&C Technologies recently announced an increase in its quarterly dividend to $1.08 per share, significantly up from the previous $0.25, reflecting an annualized yield of 4.8%.
• Wall Street analysts show optimism for SS&C Technologies, with target price increases from various firms, including Needham & Company raising their target to $100 and UBS Group to $110, both giving a positive outlook on the stock.

Strs Ohio bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 302,471 shares of the technology company's stock, valued at approximately $25,265,000. Strs Ohio owned approximately 0.12% of SS&C Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its position in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. Finally, Elequin Capital LP bought a new stake in shares of SS&C Technologies during the 1st quarter valued at about $30,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 0.8%

Shares of SS&C Technologies stock traded up $0.69 on Thursday, hitting $89.52. The company had a trading volume of 282,264 shares, compared to its average volume of 1,336,206. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 28.05 and a beta of 1.24. The stock has a 50 day moving average of $86.64 and a 200-day moving average of $82.24. 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 issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.SS&C Technologies's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current 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 is an increase 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 4.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is 33.86%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley increased their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. UBS Group increased their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, DA Davidson increased their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.