American Century Companies Inc. Acquires 15,263 Shares of SS&C Technologies Holdings, Inc. $SSNC

American Century Companies Inc. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 35.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,176 shares of the technology company’s stock after purchasing an additional 15,263 shares during the quarter. American Century Companies Inc.’s holdings in SS&C Technologies were worth $4,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the first quarter worth about $30,000. SVB Wealth LLC bought a new stake in SS&C Technologies during the 1st quarter worth approximately $33,000. 1248 Management LLC acquired a new stake in SS&C Technologies during the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in SS&C Technologies during the 1st quarter worth approximately $51,000. Finally, Bayforest Capital Ltd bought a new position in SS&C Technologies in the first quarter valued at approximately $82,000. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SSNC. Jefferies Financial Group increased their price objective on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Morgan Stanley boosted their price target on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Royal Bank Of Canada increased their price objective on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.75.

SS&C Technologies Stock Performance

SSNC opened at $88.32 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The business has a 50 day moving average of $84.59 and a 200-day moving average of $84.63. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 26.21 and a beta of 1.20.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

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

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the sale, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This trade represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.40% of the stock is currently owned by corporate insiders.

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.