Park Avenue Securities LLC Has $4.27 Million Stake in SS&C Technologies Holdings, Inc. $SSNC

Park Avenue Securities LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,613 shares of the technology company’s stock after purchasing an additional 7,065 shares during the quarter. Park Avenue Securities LLC’s holdings in SS&C Technologies were worth $4,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSNC. Squarepoint Ops LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $1,841,000. Vident Advisory LLC raised its stake in shares of SS&C Technologies by 6.1% in the 4th quarter. Vident Advisory LLC now owns 2,964 shares of the technology company’s stock valued at $225,000 after purchasing an additional 170 shares during the period. Waverly Advisors LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $383,000. Forum Financial Management LP increased its position in shares of SS&C Technologies by 96.3% in the fourth quarter. Forum Financial Management LP now owns 7,264 shares of the technology company’s stock valued at $550,000 after acquiring an additional 3,563 shares during the last quarter. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $140,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 1.2%

Shares of SSNC stock opened at $89.64 on Tuesday. 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 $21.89 billion, a P/E ratio of 28.10 and a beta of 1.24. The stock has a 50 day simple moving average of $87.00 and a 200 day simple moving average of $82.24. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share 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 paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. UBS Group lifted their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Morgan Stanley lifted their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. DA Davidson lifted their target price on SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Raymond James Financial lifted their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.38.

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.