TD Asset Management Inc Trims Holdings in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• TD Asset Management Inc has reduced its stake in SS&C Technologies Holdings, Inc. by 8.8%, now holding 60,104 shares valued at approximately $4.98 million.
• Several institutional investors have recently modified their positions in SS&C, with Larson Financial Group significantly increasing its stake by 634.8%.
• SS&C Technologies has reported a robust quarterly performance with earnings per share of $1.45, beating analysts' expectations, and recently announced a dividend increase to $1.08 per share.

TD Asset Management Inc decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,104 shares of the technology company's stock after selling 5,768 shares during the quarter. TD Asset Management Inc's holdings in SS&C Technologies were worth $4,977,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SSNC. Larson Financial Group LLC lifted its position in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after buying an additional 292 shares in the last quarter. Whittier Trust Co. purchased a new stake in SS&C Technologies in the first quarter valued at $29,000. N.E.W. Advisory Services LLC purchased a new stake in SS&C Technologies in the first quarter valued at $29,000. Elequin Capital LP purchased a new stake in SS&C Technologies in the first quarter valued at $30,000. Finally, SVB Wealth LLC purchased a new stake in SS&C Technologies in the first quarter valued at $33,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SSNC shares. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. 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 report on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, DA Davidson lifted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.13.

SS&C Technologies Trading Up 2.1%

Shares of NASDAQ SSNC opened at $81.39 on Tuesday. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $87.23 and a 200-day simple moving average of $82.71. The stock has a market capitalization of $19.88 billion, a PE ratio of 25.51 and a beta of 1.23.

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, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. 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 forecast 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 paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is presently 33.86%.

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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