SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 11,851 shares of the technology company’s stock after selling 166 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SS&C Technologies were worth $981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Swedbank AB lifted its position in SS&C Technologies by 72.0% during the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock valued at $283,147,000 after buying an additional 1,431,620 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position 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 valued at $147,998,000 after buying an additional 834,393 shares in the last quarter. AQR Capital Management LLC lifted its position 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 valued at $238,338,000 after buying an additional 651,650 shares in the last quarter. Commerce Bank lifted its position in SS&C Technologies by 12,105.9% during the first quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock valued at $36,317,000 after buying an additional 431,213 shares in the last quarter. Finally, Nuveen LLC acquired a new position in SS&C Technologies during the first quarter valued at approximately $33,000,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.2%

Shares of NASDAQ:SSNC opened at $79.68 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $87.32 and a 200 day simple moving average of $82.64. The firm has a market cap of $19.46 billion, a PE ratio of 24.98 and a beta of 1.23. 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 issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s payout ratio is presently 33.86%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSNC. JPMorgan Chase & Co. lifted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. 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 note on Thursday, July 24th. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $95.00 to $101.00 and gave the company a “strong-buy” rating in a research note on Friday. DA Davidson lifted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, UBS Group lifted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. One equities 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’s stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $98.13.

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.