US Bancorp DE Grows Stake in SS&C Technologies Holdings, Inc. $SSNC

US Bancorp DE lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,396 shares of the technology company’s stock after purchasing an additional 1,697 shares during the period. US Bancorp DE’s holdings in SS&C Technologies were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. IFM Investors Pty Ltd boosted its holdings in SS&C Technologies by 0.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock valued at $3,582,000 after purchasing an additional 130 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company’s stock worth $84,000 after acquiring an additional 140 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of SS&C Technologies by 1.9% in the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock worth $629,000 after acquiring an additional 144 shares during the last quarter. MAI Capital Management lifted its holdings in shares of SS&C Technologies by 11.7% in the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock worth $117,000 after acquiring an additional 147 shares during the last quarter. Finally, Prudent Man Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.2% in the 1st quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company’s stock worth $639,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Down 1.6%

Shares of NASDAQ:SSNC opened at $79.54 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company’s 50 day moving average is $87.46 and its two-hundred day moving average is $82.67. 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 market cap of $19.43 billion, a PE ratio of 24.93 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm posted $1.27 EPS. The company’s quarterly 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. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. 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. SS&C Technologies’s payout ratio is currently 33.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SSNC shares. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. DA Davidson upped their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Raymond James Financial upped their target price 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.38.

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.