Aberdeen Group plc Raises Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Aberdeen Group plc increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 101,342 shares of the technology company’s stock after acquiring an additional 5,593 shares during the quarter. Aberdeen Group plc’s holdings in SS&C Technologies were worth $8,391,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Swedbank AB grew its holdings in shares of SS&C Technologies by 72.0% in the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock valued at $283,147,000 after purchasing an additional 1,431,620 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies by 87.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock worth $147,998,000 after buying an additional 834,393 shares during the period. AQR Capital Management LLC boosted its stake in SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after buying an additional 651,650 shares during the period. Commerce Bank lifted its position in shares of SS&C Technologies by 12,105.9% during the first quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock worth $36,317,000 after purchasing an additional 431,213 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth about $33,000,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSNC has been the topic of several analyst reports. UBS Group raised their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. 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 research report on Thursday, July 24th. Morgan Stanley raised their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Finally, Raymond James Financial raised their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.38.

SS&C Technologies Stock Down 1.6%

SSNC opened at $79.54 on Friday. 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 stock has a market capitalization of $19.43 billion, a price-to-earnings ratio of 24.93 and a beta of 1.23. The business has a 50-day moving average of $87.46 and a two-hundred day moving average of $82.67. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month 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 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The firm’s revenue 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 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. 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 presently 33.86%.

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.