SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• SS&C Technologies received a consensus recommendation of "Moderate Buy" from nine brokerage firms, with an average target price of $98.13.
• The company recently reported quarterly earnings of $1.45 per share, surpassing estimates and showing a 5.9% increase in revenue year-over-year.
• SS&C Technologies announced a quarterly dividend of $1.08, reflecting a significant increase from its previous dividend and a yield of 5.4%.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $98.1250.

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. UBS Group increased their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. DA Davidson increased their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Finally, Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th.

SS&C Technologies Stock Up 0.2%

SSNC stock opened at $79.68 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies has a 52-week low of $66.83 and a 52-week high of $91.07. The company has a 50-day moving average of $87.32 and a two-hundred day moving average of $82.65. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 24.98 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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 period in the prior year, the company earned $1.27 earnings per share. The business's quarterly revenue 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. As a group, equities research analysts anticipate that SS&C Technologies will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 5.4%. SS&C Technologies's dividend payout ratio is 33.86%.

Institutional Investors Weigh In On SS&C Technologies

Several hedge funds have recently made changes to their positions in the stock. Caldwell Trust Co bought a new position in SS&C Technologies during the second quarter worth about $27,000. Larson Financial Group LLC lifted 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 worth $28,000 after purchasing an additional 292 shares during the period. Whittier Trust Co. bought a new position in SS&C Technologies during the first quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in SS&C Technologies during the first quarter worth about $29,000. Finally, Elequin Capital LP bought a new position in SS&C Technologies during the first quarter worth about $30,000. Institutional investors own 96.90% of the company's stock.

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.

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