Sylvest Advisors LLC Buys 1,270 Shares of SS&C Technologies Holdings, Inc. $SSNC

Sylvest Advisors LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.3% during the second quarter, HoldingsChannel reports. The firm owned 6,492 shares of the technology company’s stock after acquiring an additional 1,270 shares during the quarter. Sylvest Advisors LLC’s holdings in SS&C Technologies were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. increased its holdings in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock worth $25,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC grew its position 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 acquiring an additional 292 shares during the period. Whittier Trust Co. acquired a new position in shares of SS&C Technologies during the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies during the 1st quarter worth about $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies during the 1st quarter worth about $30,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $87.93 on Thursday. The firm has a 50-day moving average of $87.24 and a 200-day moving average of $82.32. 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 stock has a market cap of $21.47 billion, a PE ratio of 27.56 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. 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, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $1.08 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.9%. SS&C Technologies’s dividend payout ratio is presently 33.86%.

Wall Street Analyst Weigh In

SSNC has been the topic of several recent analyst reports. Raymond James Financial boosted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 24th. DA Davidson boosted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.38.

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.