SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,335 shares of the technology company’s stock after selling 1,729 shares during the period. Truist Financial Corp’s holdings in SS&C Technologies were worth $4,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SSNC. Merit Financial Group LLC raised its holdings in shares of SS&C Technologies by 71.2% in the 1st quarter. Merit Financial Group LLC now owns 8,108 shares of the technology company’s stock valued at $677,000 after buying an additional 3,372 shares during the period. Wedmont Private Capital acquired a new position in SS&C Technologies in the 1st quarter valued at about $206,000. Park Avenue Securities LLC increased its stake in SS&C Technologies by 129.8% during the first quarter. Park Avenue Securities LLC now owns 44,548 shares of the technology company’s stock worth $3,721,000 after purchasing an additional 25,166 shares during the period. Farther Finance Advisors LLC increased its stake in SS&C Technologies by 37.6% during the first quarter. Farther Finance Advisors LLC now owns 1,600 shares of the technology company’s stock worth $133,000 after purchasing an additional 437 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in shares of SS&C Technologies by 113.6% during the first quarter. Pallas Capital Advisors LLC now owns 15,970 shares of the technology company’s stock worth $1,334,000 after purchasing an additional 8,494 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SSNC shares. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a research report on Saturday, September 27th. JPMorgan Chase & Co. increased their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, 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 report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on 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 $87.66 on Wednesday. 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 fifty-two week low of $66.83 and a fifty-two week high of $91.07. The firm has a market capitalization of $21.41 billion, a PE ratio of 27.48 and a beta of 1.23. The stock’s 50-day simple moving average is $87.88 and its 200-day simple moving average is $82.70.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $1.08 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. SS&C Technologies’s 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.