Brandes Investment Partners LP Cuts Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Brandes Investment Partners LP trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,748 shares of the technology company’s stock after selling 49,957 shares during the quarter. Brandes Investment Partners LP owned 0.38% of SS&C Technologies worth $77,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SSNC. Avantax Advisory Services Inc. increased its stake in shares of SS&C Technologies by 38.5% during the first quarter. Avantax Advisory Services Inc. now owns 7,940 shares of the technology company’s stock worth $663,000 after buying an additional 2,206 shares during the period. Cetera Investment Advisers increased its position in shares of SS&C Technologies by 41.0% in the 1st quarter. Cetera Investment Advisers now owns 32,153 shares of the technology company’s stock valued at $2,686,000 after purchasing an additional 9,354 shares during the last quarter. LPL Financial LLC raised its holdings in shares of SS&C Technologies by 18.8% in the 1st quarter. LPL Financial LLC now owns 102,246 shares of the technology company’s stock valued at $8,541,000 after purchasing an additional 16,191 shares in the last quarter. Arkadios Wealth Advisors raised its stake in SS&C Technologies by 27.0% in the first quarter. Arkadios Wealth Advisors now owns 3,611 shares of the technology company’s stock valued at $302,000 after buying an additional 768 shares in the last quarter. Finally, US Bancorp DE increased its stake in SS&C Technologies by 2.7% in the first quarter. US Bancorp DE now owns 17,699 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Raymond James Financial upped their target price on SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. One 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, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.

Insider Activity at SS&C Technologies

In other news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the sale, the director owned 386,924 shares in the company, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Up 0.2%

SSNC opened at $86.12 on Tuesday. SS&C Technologies Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $91.07. The business has a 50 day moving average price of $84.66 and a two-hundred day moving average price of $84.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $21.02 billion, a PE ratio of 25.55 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results 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 return on equity of 19.92% and a net margin of 13.86%.The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $1.29 EPS. The company’s revenue was up 7.0% on a year-over-year basis. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.27 per share. The ex-dividend date is Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. SS&C Technologies’s dividend payout ratio is presently 32.05%.

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.