Verdence Capital Advisors LLC Boosts Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Verdence Capital Advisors LLC increased its stake in SS&C Technologies by 10.4%, owning 88,674 shares valued at $7,342,000 as of its latest filing.
• SS&C Technologies announced a quarterly dividend of $1.08, a significant increase from the previous $0.25 dividend, resulting in an annualized yield of 5.2%.
• Analysts have shown positive sentiment, with target price increases from several firms, and currently, the stock has an average rating of "Moderate Buy" with a consensus target price of $97.38.

Verdence Capital Advisors LLC increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,674 shares of the technology company's stock after buying an additional 8,370 shares during the period. Verdence Capital Advisors LLC's holdings in SS&C Technologies were worth $7,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSNC. Swedbank AB grew its stake in shares of SS&C Technologies by 72.0% in the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after buying an additional 1,431,620 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies by 87.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company's stock valued at $147,998,000 after purchasing an additional 834,393 shares during the last quarter. AQR Capital Management LLC boosted its stake in SS&C Technologies by 28.7% during the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after purchasing an additional 651,650 shares during the last quarter. Commerce Bank boosted its stake in SS&C Technologies by 12,105.9% during the 1st quarter. Commerce Bank now owns 434,775 shares of the technology company's stock valued at $36,317,000 after purchasing an additional 431,213 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in SS&C Technologies during the 1st quarter valued at $33,000,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

SSNC stock opened at $82.29 on Monday. The company has a market cap of $20.10 billion, a P/E ratio of 25.80 and a beta of 1.23. 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 debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock's fifty day moving average price is $87.85 and its 200-day moving average price is $82.72.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. 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 declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a yield of 5.2%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent analyst reports. Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. Morgan Stanley increased their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, SS&C Technologies currently 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.

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