Pekin Hardy Strauss Inc. Sells 9,498 Shares of SS&C Technologies Holdings, Inc. $SSNC

Pekin Hardy Strauss Inc. decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 19.8% during the second quarter, HoldingsChannel reports. The firm owned 38,558 shares of the technology company’s stock after selling 9,498 shares during the period. Pekin Hardy Strauss Inc.’s holdings in SS&C Technologies were worth $3,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SSNC. Andra AP fonden increased its holdings in SS&C Technologies by 73.7% during the second quarter. Andra AP fonden now owns 226,200 shares of the technology company’s stock valued at $18,729,000 after buying an additional 96,000 shares during the period. Resona Asset Management Co. Ltd. boosted its position in SS&C Technologies by 4.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 69,196 shares of the technology company’s stock valued at $5,721,000 after acquiring an additional 2,635 shares in the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of SS&C Technologies by 71.2% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 18,560 shares of the technology company’s stock worth $1,537,000 after acquiring an additional 7,720 shares in the last quarter. Fullcircle Wealth LLC lifted its stake in shares of SS&C Technologies by 11.4% during the 2nd quarter. Fullcircle Wealth LLC now owns 3,080 shares of the technology company’s stock worth $263,000 after purchasing an additional 316 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in SS&C Technologies by 110.9% during the second quarter. Bank of Montreal Can now owns 240,744 shares of the technology company’s stock valued at $19,934,000 after purchasing an additional 126,598 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Down 1.6%

NASDAQ SSNC opened at $84.38 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The company has a fifty day simple moving average of $86.16 and a two-hundred day simple moving average of $83.43. 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 $20.59 billion, a P/E ratio of 25.04 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.92% and a net margin of 13.86%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio (DPR) is presently 32.05%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SSNC shares. Needham & Company LLC increased their price target on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 24th. DA Davidson set a $102.00 target price on shares of SS&C Technologies in a research note on Friday, October 24th. Raymond James Financial lifted their price target on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Morgan Stanley upped their target price on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $101.75.

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.