11,986 Shares in SS&C Technologies Holdings, Inc. $SSNC Acquired by Davis Capital Management

Davis Capital Management acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,986 shares of the technology company’s stock, valued at approximately $1,064,000.

Several other hedge funds also recently bought and sold shares of the business. DNB Asset Management AS lifted its holdings in SS&C Technologies by 7.3% during the 2nd quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock valued at $3,983,000 after buying an additional 3,269 shares in the last quarter. North Star Asset Management Inc. increased its position in shares of SS&C Technologies by 1.0% during the second quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock worth $50,627,000 after acquiring an additional 6,199 shares during the period. Vanguard Group Inc. raised its stake in shares of SS&C Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock valued at $1,702,971,000 after acquiring an additional 165,821 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in shares of SS&C Technologies in the second quarter valued at approximately $2,828,000. Finally, JPMorgan Chase & Co. grew its stake in SS&C Technologies by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 412,791 shares of the technology company’s stock worth $34,179,000 after purchasing an additional 30,449 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

SSNC opened at $85.75 on Friday. The firm has a market capitalization of $20.93 billion, a PE ratio of 25.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $85.95 and its two-hundred day moving average is $85.62. SS&C Technologies Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business 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. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSNC. Morgan Stanley lifted their target price on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Needham & Company LLC lifted their price objective on SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada increased their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a 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. Finally, Raymond James Financial increased their price objective on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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 stock was 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 of the company’s stock, valued at $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.