Foster & Motley Inc. Sells 2,868 Shares of SS&C Technologies Holdings, Inc. $SSNC

Foster & Motley Inc. cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 43.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,772 shares of the technology company’s stock after selling 2,868 shares during the quarter. Foster & Motley Inc.’s holdings in SS&C Technologies were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Swedbank AB raised its position 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 buying an additional 1,431,620 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of SS&C Technologies by 87.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock valued at $147,998,000 after acquiring an additional 834,393 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after purchasing an additional 651,650 shares in the last quarter. Commerce Bank increased its position in shares of SS&C Technologies by 12,105.9% in the first quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock worth $36,317,000 after purchasing an additional 431,213 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in SS&C Technologies in the first quarter valued at approximately $33,000,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research reports. UBS Group boosted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley lifted their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Raymond James Financial upped their target price on SS&C Technologies from $95.00 to $101.00 and gave the stock a “strong-buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.13.

SS&C Technologies Trading Up 0.2%

Shares of SSNC opened at $79.68 on Monday. The firm has a fifty day simple moving average of $87.32 and a two-hundred day simple moving average of $82.66. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. The stock has a market capitalization of $19.46 billion, a P/E ratio of 24.98 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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

SS&C Technologies Increases Dividend

The firm 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. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is currently 33.86%.

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.