Voya Investment Management LLC Has $22.10 Million Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Voya Investment Management LLC has increased its holdings in SS&C Technologies by 7.0%, now owning approximately 264,625 shares valued at around $22.1 million.
• Several hedge funds have significantly increased their stakes in SS&C Technologies, indicating a strong interest from institutional investors, who collectively own 96.95% of the company's stock.
• SS&C Technologies recently announced a quarterly dividend increase from $0.25 to $1.08, yielding approximately 4.8%, demonstrating strong financial performance and a payout ratio of 33.86%.

Voya Investment Management LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,625 shares of the technology company's stock after acquiring an additional 17,412 shares during the period. Voya Investment Management LLC owned 0.11% of SS&C Technologies worth $22,104,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Raymond James Financial lifted their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. DA Davidson boosted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.66 during trading on Friday, hitting $88.59. The stock had a trading volume of 2,101,110 shares, compared to its average volume of 952,487. 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 $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24. The business has a fifty day moving average of $86.88 and a two-hundred day moving average of $82.26. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07.

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 for the quarter, beating the consensus estimate 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 analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. The company'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. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. 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 4.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

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.