Callodine Capital Management LP Has $15.97 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Callodine Capital Management LP increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 192,837 shares of the technology company’s stock after purchasing an additional 30,580 shares during the period. SS&C Technologies makes up approximately 1.7% of Callodine Capital Management LP’s holdings, making the stock its 25th largest position. Callodine Capital Management LP owned 0.08% of SS&C Technologies worth $15,967,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in SS&C Technologies in the 2nd quarter worth approximately $221,558,000. Swedbank AB grew its stake in shares of SS&C Technologies by 72.0% in the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock worth $283,147,000 after acquiring an additional 1,431,620 shares during the last quarter. Robeco Institutional Asset Management B.V. increased 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 worth $147,998,000 after acquiring an additional 834,393 shares during the period. AQR Capital Management LLC raised its stake in SS&C Technologies by 28.7% during the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock valued at $238,338,000 after purchasing an additional 651,650 shares during the last quarter. Finally, Sunriver Management LLC bought a new stake in SS&C Technologies in the 2nd quarter valued at $40,104,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 0.6%

Shares of SSNC opened at $88.32 on Friday. The company has a market capitalization of $21.55 billion, a P/E ratio of 26.21 and a beta of 1.20. SS&C Technologies Holdings, Inc. has a one year low of $69.61 and a one year high of $91.07. The business’s 50 day simple moving average is $84.59 and its 200-day simple moving average is $84.59. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. SS&C Technologies’s dividend payout ratio is currently 32.05%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James Financial boosted their price objective on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Needham & Company LLC upped their price target on SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 24th. Morgan Stanley raised their price objective on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. UBS Group boosted their price objective on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, DA Davidson set a $102.00 target price on SS&C Technologies in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.75.

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. The trade was a 27.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.40% of the company’s stock.

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.