Apollon Wealth Management LLC Reduces Stake in SS&C Technologies Holdings, Inc. $SSNC

Apollon Wealth Management LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,302 shares of the technology company’s stock after selling 129 shares during the period. Apollon Wealth Management LLC’s holdings in SS&C Technologies were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake 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 worth $28,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of SS&C Technologies in the 1st quarter worth $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies in the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in shares of SS&C Technologies in the 1st quarter worth $30,000. Finally, SVB Wealth LLC purchased a new position in shares of SS&C Technologies in the 1st quarter worth $33,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $82.88 on Wednesday. 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’s 50-day simple moving average is $87.70 and its two-hundred day simple moving average is $82.71. The stock has a market cap of $20.24 billion, a PE ratio of 25.98 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for 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 business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $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, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company 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 an increase from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SSNC. Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. DA Davidson raised their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, July 25th. UBS Group raised their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday. One 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. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average 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.