Truvestments Capital LLC Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Truvestments Capital LLC has acquired a new stake in SS&C Technologies, purchasing 3,726 shares valued at approximately $311,000.
• SS&C Technologies recently announced a quarterly dividend of $1.08, significantly up from the previous dividend of $0.25, indicating strong financial performance.
• Analysts have raised their price targets for SS&C Technologies, with UBS Group increasing the target from $108.00 to $110.00, reflecting positive market sentiment.

Truvestments Capital LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,726 shares of the technology company's stock, valued at approximately $311,000.

A number of other hedge funds have also modified their holdings of the business. EP Wealth Advisors LLC raised its position in shares of SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after buying an additional 139 shares during the last quarter. Global X Japan Co. Ltd. increased its position in SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after purchasing an additional 140 shares during the last quarter. Tectonic Advisors LLC increased its position in SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after purchasing an additional 144 shares during the last quarter. Wellington Management Group LLP increased its position in SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after purchasing an additional 161 shares during the last quarter. Finally, Prudent Man Advisors LLC increased its position in SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock worth $639,000 after purchasing an additional 163 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 0.1%

Shares of SSNC stock opened at $89.49 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $21.86 billion, a PE ratio of 28.05 and a beta of 1.25. The company has a 50-day moving average of $84.67 and a two-hundred day moving average of $82.22. 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 announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping 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 analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $1.27 earnings per share. SS&C Technologies's 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. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SSNC shares. UBS Group raised their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. raised their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Raymond James Financial raised their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

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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