SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,175 shares of the technology company’s stock after acquiring an additional 150 shares during the quarter. Mutual Advisors LLC’s holdings in SS&C Technologies were worth $441,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SSNC. GAMMA Investing LLC boosted its stake in SS&C Technologies by 20.0% in the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock valued at $275,000 after acquiring an additional 549 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in SS&C Technologies by 47.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock valued at $3,085,000 after acquiring an additional 11,863 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in SS&C Technologies by 37.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 3,293 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in SS&C Technologies in the first quarter valued at approximately $1,225,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in SS&C Technologies in the first quarter valued at approximately $522,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 2.1%

NASDAQ SSNC opened at $81.39 on Tuesday. The company has a market capitalization of $19.88 billion, a PE ratio of 25.51 and a beta of 1.23. The company has a fifty day moving average of $87.23 and a 200 day moving average of $82.71. 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 debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last posted its 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. The company 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm 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. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced 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. This is a boost 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 5.3%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s payout ratio is presently 33.86%.

Analyst Ratings Changes

SSNC has been the subject of several research reports. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $95.00 to $101.00 and gave the stock a “strong-buy” rating in a research note on Friday. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.13.

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.