Kingsview Wealth Management LLC Boosts Stake in SS&C Technologies Holdings, Inc. $SSNC

Kingsview Wealth Management LLC boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 161,149 shares of the technology company’s stock after buying an additional 40,268 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SS&C Technologies were worth $13,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SSNC. Kestra Private Wealth Services LLC raised its stake in SS&C Technologies by 29.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 3,698 shares during the period. Northern Trust Corp grew its holdings in SS&C Technologies by 1.5% during the 1st quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company’s stock valued at $120,914,000 after buying an additional 21,252 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in SS&C Technologies during the 2nd quarter valued at approximately $2,828,000. Inspire Investing LLC raised its position in shares of SS&C Technologies by 1,070.5% during the first quarter. Inspire Investing LLC now owns 39,832 shares of the technology company’s stock valued at $3,327,000 after buying an additional 36,429 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of SS&C Technologies by 54.1% in the second quarter. Nordea Investment Management AB now owns 484,979 shares of the technology company’s stock worth $39,962,000 after buying an additional 170,235 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Down 1.3%

Shares of NASDAQ SSNC opened at $83.49 on Friday. 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 Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The firm’s 50-day moving average price is $85.72 and its 200-day moving average price is $83.90. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 24.77 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last released 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 return on equity of 19.92% and a net margin of 13.86%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. 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, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $1.08 dividend. 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 5.2%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is 32.05%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SSNC shares. DA Davidson set a $102.00 target price on shares of SS&C Technologies in a research note on Friday, October 24th. Jefferies Financial Group raised their price objective 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. JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Morgan Stanley increased their price target on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note 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 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies 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.