ProShare Advisors LLC Sells 12,815 Shares of SS&C Technologies Holdings, Inc. $SSNC

ProShare Advisors LLC trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 71,869 shares of the technology company’s stock after selling 12,815 shares during the period. ProShare Advisors LLC’s holdings in SS&C Technologies were worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of SS&C Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company’s stock worth $1,704,134,000 after buying an additional 186,440 shares during the period. Pzena Investment Management LLC increased its holdings in SS&C Technologies by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 10,460,579 shares of the technology company’s stock worth $866,136,000 after acquiring an additional 37,134 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 3.6% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company’s stock worth $433,212,000 after acquiring an additional 182,200 shares during the period. Swedbank AB boosted its position in shares of SS&C Technologies by 72.0% in the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock worth $283,147,000 after purchasing an additional 1,431,620 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of SS&C Technologies by 28.7% in the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after purchasing an additional 651,650 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SSNC shares. Morgan Stanley lifted their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Jefferies Financial Group boosted their target price on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. UBS Group increased their price target on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $84.63 on Friday. The firm’s 50 day simple moving average is $85.83 and its 200-day simple moving average is $83.77. 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 Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $91.07. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 25.11 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous 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. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced 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%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies’s payout ratio is 32.05%.

SS&C Technologies Company 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.