Archford Capital Strategies LLC Trims Holdings in SS&C Technologies Holdings, Inc. $SSNC

Archford Capital Strategies LLC reduced its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 53.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,677 shares of the technology company’s stock after selling 17,956 shares during the quarter. Archford Capital Strategies LLC’s holdings in SS&C Technologies were worth $1,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SSNC. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SS&C Technologies by 102.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,070 shares of the technology company’s stock valued at $1,900,000 after buying an additional 12,717 shares during the last quarter. Wellington Management Group LLP raised its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. GAMMA Investing LLC raised its position in shares of SS&C Technologies by 9,921.2% during the 1st quarter. GAMMA Investing LLC now owns 275,482 shares of the technology company’s stock valued at $23,011,000 after acquiring an additional 272,733 shares in the last quarter. Merit Financial Group LLC raised its position in shares of SS&C Technologies by 71.2% during the 1st quarter. Merit Financial Group LLC now owns 8,108 shares of the technology company’s stock valued at $677,000 after acquiring an additional 3,372 shares in the last quarter. Finally, Unigestion Holding SA raised its position in shares of SS&C Technologies by 861.7% during the 1st 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 in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSNC has been the topic of several research reports. Morgan Stanley upped their price target 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. 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 upped their price target 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. Raymond James Financial upped their price target 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. Finally, DA Davidson upped their price target 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. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $87.87 on Monday. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average price is $87.41 and its two-hundred day moving average price is $82.42. The firm has a market capitalization of $21.46 billion, a PE ratio of 27.55 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.52 billion. During the same period last year, the company earned $1.27 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is 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.