85,396 Shares in SS&C Technologies Holdings, Inc. $SSNC Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,396 shares of the technology company’s stock, valued at approximately $7,115,000.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new position in shares of SS&C Technologies during the second quarter worth $1,416,000. Vanguard Personalized Indexing Management LLC raised its stake in SS&C Technologies by 1.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,450 shares of the technology company’s stock worth $1,362,000 after buying an additional 158 shares during the period. Aberdeen Group plc lifted its holdings in SS&C Technologies by 5.8% during the second quarter. Aberdeen Group plc now owns 101,342 shares of the technology company’s stock worth $8,391,000 after acquiring an additional 5,593 shares in the last quarter. Katamaran Capital LLP grew its stake in SS&C Technologies by 31.0% in the second quarter. Katamaran Capital LLP now owns 62,183 shares of the technology company’s stock valued at $5,149,000 after acquiring an additional 14,720 shares during the period. Finally, Callan Family Office LLC bought a new stake in shares of SS&C Technologies in the second quarter worth about $335,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SSNC shares. Morgan Stanley boosted their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Raymond James Financial lifted their price target on shares of SS&C Technologies from $95.00 to $101.00 and gave the company a “strong-buy” rating in a research note on Friday. UBS Group increased their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. One 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 MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $79.68 on Monday. The firm’s 50 day moving average is $87.32 and its 200-day moving average is $82.66. 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 capitalization of $19.46 billion, a PE ratio of 24.98 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 5.4%. SS&C Technologies’s dividend payout ratio is currently 33.86%.

SS&C Technologies 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.