WBI Investments LLC Makes New $676,000 Investment in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• WBI Investments LLC has acquired a stake in SS&C Technologies, purchasing 8,088 shares valued at approximately $676,000 in the first quarter.
• SS&C Technologies has received multiple upwards price target adjustments from analysts, with targets ranging from $88.00 to $102.00 and a consensus rating of "Moderate Buy."
• The company recently announced a substantial increase in its quarterly dividend to $1.08 per share, reflecting a yield of 4.9%.

WBI Investments LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,088 shares of the technology company's stock, valued at approximately $676,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after acquiring an additional 186,440 shares during the period. Burgundy Asset Management Ltd. grew its holdings in SS&C Technologies by 3.6% during the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock worth $433,212,000 after acquiring an additional 182,200 shares during the period. AQR Capital Management LLC grew its holdings in SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock worth $238,338,000 after acquiring an additional 651,650 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in SS&C Technologies by 9.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock worth $142,447,000 after acquiring an additional 151,708 shares during the period. Finally, Northern Trust Corp grew its holdings in SS&C Technologies by 1.5% during the first quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company's stock worth $120,914,000 after acquiring an additional 21,252 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SSNC shares. DA Davidson boosted their target price 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. Raymond James Financial boosted their target price on 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. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group increased their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, Needham & Company LLC increased their target price 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. 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. According to MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $0.50 during mid-day trading on Tuesday, reaching $88.24. The company had a trading volume of 285,111 shares, compared to its average volume of 1,339,442. 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $21.55 billion, a PE ratio of 27.67 and a beta of 1.24. The company has a 50-day moving average price of $86.43 and a two-hundred day moving average price of $82.15.

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 for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. SS&C Technologies's revenue for the quarter was up 5.9% compared to the same quarter last year. 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $1.08 per share. The ex-dividend date of this dividend 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 4.9%. SS&C Technologies's payout ratio is 33.86%.

SS&C Technologies Company 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.