SS&C Technologies (NASDAQ:SSNC) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SS&C Technologies (NASDAQ:SSNC) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other analysts also recently issued reports on SSNC. DA Davidson lifted 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. UBS Group lifted their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Raymond James Financial lifted their target price 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. Morgan Stanley lifted their target price 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. Finally, Needham & Company LLC lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.38.

SS&C Technologies Stock Down 0.5%

SSNC opened at $88.74 on Friday. The company has a 50 day moving average of $86.43 and a 200 day moving average of $82.15. The company has a market cap of $21.67 billion, a PE ratio of 27.82 and a beta of 1.24. SS&C Technologies has a 12 month low of $66.83 and a 12 month 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.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $1.27 EPS. 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. On average, sell-side analysts expect that SS&C Technologies will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

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

Hedge Funds Weigh In On SS&C Technologies

A number of hedge funds have recently modified their holdings of SSNC. Captrust Financial Advisors increased its position in shares of SS&C Technologies by 38.8% in the fourth quarter. Captrust Financial Advisors now owns 11,132 shares of the technology company’s stock valued at $844,000 after acquiring an additional 3,114 shares during the period. Cetera Investment Advisers increased its position in shares of SS&C Technologies by 69.1% in the fourth quarter. Cetera Investment Advisers now owns 22,799 shares of the technology company’s stock valued at $1,728,000 after acquiring an additional 9,314 shares during the period. Focus Partners Wealth increased its position in shares of SS&C Technologies by 137.2% in the fourth quarter. Focus Partners Wealth now owns 6,931 shares of the technology company’s stock valued at $525,000 after acquiring an additional 4,009 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of SS&C Technologies in the fourth quarter valued at about $1,269,000. Finally, Royal Bank of Canada increased its position in shares of SS&C Technologies by 173.2% in the fourth quarter. Royal Bank of Canada now owns 680,915 shares of the technology company’s stock valued at $51,600,000 after acquiring an additional 431,643 shares during the period. Hedge funds and other institutional investors own 96.95% 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.