SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,332 shares of the technology company’s stock after selling 2,115 shares during the period. Janney Montgomery Scott LLC’s holdings in SS&C Technologies were worth $3,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. lifted its stake in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC lifted its stake in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in SS&C Technologies during the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies during the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new stake in SS&C Technologies during the first quarter valued at approximately $30,000. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

SSNC opened at $87.66 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The business’s 50-day moving average price is $87.88 and its two-hundred day moving average price is $82.70. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 27.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities analysts expect 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. Shareholders of record on Tuesday, September 2nd were issued a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.9%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s payout ratio is 33.86%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Raymond James Financial increased their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 24th. Morgan Stanley lifted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, DA Davidson lifted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, July 25th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.38.

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.