UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• UBS Asset Management Americas has increased its stake in SS&C Technologies by 9.6%, now owning approximately 1,249,222 shares valued at $104.35 million.
• SS&C Technologies recently reported quarterly earnings of $1.45 per share, surpassing analysts' expectations and indicating a 5.9% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.08 per share, which reflects a significant increase from the previous dividend of $0.25, representing a 4.8% annual dividend yield.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,249,222 shares of the technology company's stock after purchasing an additional 109,226 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.51% of SS&C Technologies worth $104,348,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Atwood & Palmer Inc. grew its position in shares of SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC grew its position in shares of SS&C Technologies by 634.8% in the first 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 during the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.5%

NASDAQ:SSNC traded up $0.42 during trading hours on Thursday, reaching $89.25. 1,020,434 shares of the company were exchanged, compared to its average volume of 974,559. 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 $21.80 billion, a price-to-earnings ratio of 27.98 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a 50 day simple moving average of $86.75 and a 200 day simple moving average of $82.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm 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, 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 announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SSNC shares. Raymond James Financial raised their target price 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. UBS Group raised their target price 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. DA Davidson raised 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 report on Friday, July 25th. Needham & Company LLC raised their target price 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. Finally, JPMorgan Chase & Co. raised 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 report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.