APG Asset Management N.V. Decreases Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

APG Asset Management N.V. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,661 shares of the technology company’s stock after selling 28,794 shares during the quarter. APG Asset Management N.V. owned about 0.08% of SS&C Technologies worth $15,594,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. grew its stake in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock valued at $25,000 after buying an additional 166 shares during the period. Larson Financial Group LLC grew its stake in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after buying an additional 292 shares during the period. Whittier Trust Co. purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. Finally, Elequin Capital LP purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SSNC shares. UBS Group increased their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley boosted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial boosted their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One equities research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.38.

SS&C Technologies Trading Up 1.7%

NASDAQ SSNC opened at $90.20 on Monday. The firm has a 50 day simple moving average of $84.10 and a 200-day simple moving average of $82.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of 28.28 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter 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. 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.08 per share. The ex-dividend date is 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 4.8%. SS&C Technologies’s payout ratio is currently 33.86%.

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.