SS&C Technologies Holdings, Inc. $SSNC Holdings Raised by Vident Advisory LLC

Key Points

• Vident Advisory LLC has increased its stake in SS&C Technologies by 101.5%, now owning 5,971 shares valued at approximately $499,000.
• SS&C Technologies recently declared a quarterly dividend of $1.08, increasing from its previous dividend of $0.25, representing an annualized yield of 4.9%.
• The company's quarterly earnings report revealed an EPS of $1.45, surpassing analysts' expectations, and projected a 5.35 EPS for the current year.

Vident Advisory LLC lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 101.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,971 shares of the technology company's stock after purchasing an additional 3,007 shares during the quarter. Vident Advisory LLC's holdings in SS&C Technologies were worth $499,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in shares of SS&C Technologies by 29.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after purchasing an additional 3,698 shares during the period. Unigestion Holding SA raised its holdings in shares of SS&C Technologies by 861.7% during the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after buying an additional 85,427 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of SS&C Technologies during the 1st quarter valued at about $509,000. Bank of New York Mellon Corp raised its holdings in shares of SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after buying an additional 75,807 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of SS&C Technologies by 403.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after buying an additional 60,784 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 1.0%

Shares of SSNC traded down $0.88 during trading on Friday, reaching $89.21. The company's stock had a trading volume of 765,665 shares, compared to its average volume of 1,049,002. The company has a fifty day moving average of $86.32 and a two-hundred day moving average of $82.23. 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 market cap of $21.79 billion, a price-to-earnings ratio of 27.97 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $1.27 EPS. The business's quarterly 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, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $1.08 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.86%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Raymond James Financial raised their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Wall Street Zen downgraded SS&C Technologies from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies 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.