Geode Capital Management LLC Has $306.64 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Geode Capital Management LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.4% during the second quarter, HoldingsChannel.com reports. The firm owned 3,715,723 shares of the technology company’s stock after buying an additional 14,789 shares during the period. Geode Capital Management LLC’s holdings in SS&C Technologies were worth $306,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. Forsta AP Fonden boosted its stake in SS&C Technologies by 2.5% during the second quarter. Forsta AP Fonden now owns 36,700 shares of the technology company’s stock worth $3,039,000 after buying an additional 900 shares in the last quarter. KBC Group NV lifted its holdings in shares of SS&C Technologies by 6.4% during the 2nd quarter. KBC Group NV now owns 1,123,738 shares of the technology company’s stock worth $93,045,000 after acquiring an additional 67,340 shares during the period. National Pension Service boosted its position in shares of SS&C Technologies by 1.9% during the 2nd quarter. National Pension Service now owns 146,840 shares of the technology company’s stock valued at $12,158,000 after acquiring an additional 2,785 shares in the last quarter. Allworth Financial LP increased its stake in SS&C Technologies by 7.2% in the second quarter. Allworth Financial LP now owns 2,162 shares of the technology company’s stock valued at $179,000 after acquiring an additional 146 shares during the period. Finally, Summit X LLC raised its position in SS&C Technologies by 14.4% in the second quarter. Summit X LLC now owns 4,494 shares of the technology company’s stock worth $372,000 after purchasing an additional 565 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $83.49 on Monday. The stock has a 50-day simple moving average of $85.72 and a 200 day simple moving average of $83.96. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 24.77 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SSNC. Morgan Stanley lifted their price objective on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Raymond James Financial lifted their price objective on SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $101.75.

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.