First Trust Advisors LP Trims Stock Position in SS&C Technologies Holdings, Inc. $SSNC

First Trust Advisors LP trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,573 shares of the technology company’s stock after selling 27,111 shares during the quarter. First Trust Advisors LP owned about 0.15% of SS&C Technologies worth $29,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the first quarter worth $30,000. SVB Wealth LLC purchased a new position in SS&C Technologies during the 1st quarter worth $33,000. 1248 Management LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter worth $34,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SS&C Technologies in the first quarter valued at about $51,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of SS&C Technologies in the first quarter valued at about $82,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $85.96 on Thursday. The business has a 50 day moving average price of $84.48 and a 200 day moving average price of $84.74. The company has a market capitalization of $20.98 billion, a P/E ratio of 25.51 and a beta of 1.20. SS&C Technologies Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $91.07. 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 posted its earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $1.57 billion for 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%.SS&C Technologies’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. 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. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Cuts Dividend

The firm also recently announced 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 payout ratio is presently 32.05%.

Insider Activity

In other news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. UBS Group raised their price target on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group lifted their price target on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Needham & Company LLC increased their price objective on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.75.

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.