SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,460,579 shares of the technology company’s stock after buying an additional 37,134 shares during the quarter. SS&C Technologies makes up approximately 2.8% of Pzena Investment Management LLC’s investment portfolio, making the stock its 13th largest position. Pzena Investment Management LLC’s holdings in SS&C Technologies were worth $866,136,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock worth $28,000 after buying 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 approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new position in shares of SS&C Technologies during the 1st quarter worth approximately $30,000. Finally, SVB Wealth LLC acquired a new position in SS&C Technologies in the 1st quarter valued at $33,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 2.8%

Shares of NASDAQ:SSNC opened at $82.29 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $87.85 and a two-hundred day moving average of $82.72. The stock has a market cap of $20.10 billion, a P/E ratio of 25.80 and a beta of 1.23. 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 issued its 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 company 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $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, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share 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 issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 5.2%. The ex-dividend date was Tuesday, September 2nd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.86%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SSNC shares. DA Davidson increased their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. 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. Morgan Stanley increased their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Finally, Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.38.

SS&C Technologies 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.