SS&C Technologies (NASDAQ:SSNC) Hits New 12-Month High After Analyst Upgrade

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) hit a new 52-week high during trading on Friday after UBS Group raised their price target on the stock from $108.00 to $110.00. UBS Group currently has a buy rating on the stock. SS&C Technologies traded as high as $90.51 and last traded at $90.18, with a volume of 299690 shares trading hands. The stock had previously closed at $88.70.

A number of other research firms have also recently issued reports on SSNC. JPMorgan Chase & Co. increased their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. 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 report on Friday, July 25th. 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 report on Thursday, July 24th. Morgan Stanley raised their price target 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 increased their price objective on SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.38.

Institutional Trading of SS&C Technologies

A number of hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC lifted its stake in shares of SS&C Technologies by 3.4% in the second quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company’s stock worth $304,000 after acquiring an additional 120 shares during the period. IFM Investors Pty Ltd increased its holdings in SS&C Technologies by 0.3% in the second quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock worth $3,582,000 after purchasing an additional 130 shares in the last quarter. AXA S.A. lifted its holdings in shares of SS&C Technologies by 1.4% in the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after purchasing an additional 130 shares in the last quarter. Penserra Capital Management LLC increased its stake in SS&C Technologies by 12.7% during the 2nd quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company’s stock valued at $96,000 after purchasing an additional 131 shares in the last quarter. Finally, M&T Bank Corp increased its stake in SS&C Technologies by 2.1% during the 2nd quarter. M&T Bank Corp now owns 6,632 shares of the technology company’s stock valued at $549,000 after purchasing an additional 138 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.7%

The stock’s 50 day simple moving average is $84.10 and its 200 day simple moving average is $82.09. The firm has a market cap of $22.03 billion, a P/E ratio of 28.28 and a beta of 1.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. SS&C Technologies’s revenue was up 5.9% compared to the same quarter last year. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.8%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is currently 31.35%.

SS&C Technologies Company 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.