CHICAGO TRUST Co NA Raises Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

CHICAGO TRUST Co NA lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 110.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,081 shares of the technology company’s stock after purchasing an additional 7,923 shares during the quarter. CHICAGO TRUST Co NA’s holdings in SS&C Technologies were worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its stake in shares of SS&C Technologies by 29.9% in the first quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock worth $1,341,000 after acquiring an additional 3,698 shares during the last quarter. Unigestion Holding SA lifted its holdings in SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company’s stock valued at $7,964,000 after acquiring an additional 85,427 shares during the period. Ritholtz Wealth Management bought a new position in SS&C Technologies in the first quarter valued at about $509,000. Bank of New York Mellon Corp raised its stake in shares of SS&C Technologies by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock worth $99,486,000 after buying an additional 75,807 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SS&C Technologies by 403.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock worth $6,337,000 after buying an additional 60,784 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SSNC. DA Davidson increased their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Raymond James Financial raised their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a report on Thursday, July 24th. UBS Group increased their price target on SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. raised their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.38.

SS&C Technologies Stock Up 1.2%

SS&C Technologies stock opened at $89.64 on Tuesday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $21.89 billion, a PE ratio of 28.10 and a beta of 1.24. The business’s 50-day simple moving average is $87.00 and its two-hundred day simple moving average is $82.24.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company’s revenue 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 analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s payout ratio is currently 33.86%.

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.