WBI Investments LLC Buys Shares of 8,088 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 bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,088 shares of the technology company's stock, valued at approximately $676,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. increased its stake in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC increased its stake in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies during the first quarter valued at $29,000. N.E.W. Advisory Services LLC bought a new stake in SS&C Technologies during the first quarter valued at $29,000. Finally, Elequin Capital LP bought a new stake in SS&C Technologies during the first quarter valued at $30,000. Institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SSNC shares. DA Davidson upped their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley upped their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Raymond James Financial upped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Stock Performance

SSNC stock opened at $88.46 on Thursday. The company has a market capitalization of $21.60 billion, a P/E ratio of 27.73 and a beta of 1.24. The company has a 50-day simple moving average of $86.08 and a 200 day simple moving average of $82.22. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. 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 posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $1.08 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.9%. 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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