Vontobel Holding Ltd. Sells 15,564 Shares of SS&C Technologies Holdings, Inc. $SSNC

Vontobel Holding Ltd. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 78.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,383 shares of the technology company's stock after selling 15,564 shares during the period. Vontobel Holding Ltd.'s holdings in SS&C Technologies were worth $363,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of SS&C Technologies during the 1st quarter worth $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies during the 1st quarter worth $29,000. Elequin Capital LP bought a new stake in shares of SS&C Technologies during the 1st quarter worth $30,000. Finally, SVB Wealth LLC bought a new stake in shares of SS&C Technologies during the 1st quarter worth $33,000. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial upped 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 report on Thursday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $82.88 on Wednesday. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07. The stock has a market cap of $20.24 billion, a P/E ratio of 25.98 and a beta of 1.23. 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 company has a fifty day moving average price of $87.70 and a 200 day moving average price of $82.71.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.52 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The business's 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. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently disclosed 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 was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.2%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio is currently 33.86%.

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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