SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Titan Global Capital Management USA LLC

Key Points

• Titan Global Capital Management USA LLC reduced its holdings in SS&C Technologies by 21.3%, selling 8,547 shares, with remaining shares valued at approximately $2.64 million.
• SS&C Technologies has received multiple target price upgrades from analysts, with current estimates averaging around $97.13 and a consensus rating of "Moderate Buy."
• The company announced a significant increase in its quarterly dividend to $1.08 per share, yielding 4.9%, effective on September 15th for investors of record on September 2nd.

Titan Global Capital Management USA LLC lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,582 shares of the technology company's stock after selling 8,547 shares during the quarter. Titan Global Capital Management USA LLC's holdings in SS&C Technologies were worth $2,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allstate Corp raised its position in SS&C Technologies by 36.0% in the first quarter. Allstate Corp now owns 9,040 shares of the technology company's stock valued at $755,000 after purchasing an additional 2,392 shares during the period. Compound Planning Inc. purchased a new stake in SS&C Technologies in the first quarter valued at approximately $318,000. Martingale Asset Management L P raised its position in SS&C Technologies by 21.2% in the first quarter. Martingale Asset Management L P now owns 59,682 shares of the technology company's stock valued at $4,985,000 after purchasing an additional 10,445 shares during the period. Capital Analysts LLC raised its position in SS&C Technologies by 5.7% in the first quarter. Capital Analysts LLC now owns 50,753 shares of the technology company's stock valued at $4,239,000 after purchasing an additional 2,739 shares during the period. Finally, Credit Agricole S A raised its position in SS&C Technologies by 133.9% in the first quarter. Credit Agricole S A now owns 62,973 shares of the technology company's stock valued at $5,260,000 after purchasing an additional 36,049 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ SSNC traded up $0.16 during trading hours on Tuesday, hitting $89.54. The company had a trading volume of 1,255,187 shares, compared to its average volume of 1,380,603. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current 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 company has a market cap of $21.87 billion, a PE ratio of 28.07 and a beta of 1.25. The business has a 50 day moving average of $84.28 and a 200-day moving average of $82.12.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) 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 in the prior year, the firm posted $1.27 earnings per share. SS&C Technologies's revenue for the quarter 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. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies's payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. UBS Group boosted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. DA Davidson boosted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research note on Friday. 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

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.