Strs Ohio Makes New $25.27 Million Investment 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 acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 302,471 shares of the technology company's stock, valued at approximately $25,265,000. Strs Ohio owned 0.12% of SS&C Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SSNC. Baird Financial Group Inc. lifted its holdings in SS&C Technologies by 4.2% in the fourth quarter. Baird Financial Group Inc. now owns 7,976 shares of the technology company's stock worth $604,000 after buying an additional 323 shares during the period. Captrust Financial Advisors lifted its holdings in shares of SS&C Technologies by 38.8% during the fourth quarter. Captrust Financial Advisors now owns 11,132 shares of the technology company's stock valued at $844,000 after purchasing an additional 3,114 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of SS&C Technologies by 69.1% during the fourth quarter. Cetera Investment Advisers now owns 22,799 shares of the technology company's stock valued at $1,728,000 after purchasing an additional 9,314 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of SS&C Technologies by 137.2% during the fourth quarter. Focus Partners Wealth now owns 6,931 shares of the technology company's stock valued at $525,000 after purchasing an additional 4,009 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $6,051,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of SSNC opened at $89.21 on Friday. The company has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. 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 firm has a 50 day moving average of $86.32 and a 200 day moving average of $82.23. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve 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 for the quarter, beating the consensus estimate 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $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. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. SS&C Technologies's payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent research reports. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Morgan Stanley lifted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. UBS Group raised their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Finally, Raymond James Financial raised their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus price target 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.

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