Fort Washington Investment Advisors Inc. OH Increases Stake in SS&C Technologies Holdings, Inc. $SSNC

Fort Washington Investment Advisors Inc. OH raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,707,454 shares of the technology company’s stock after acquiring an additional 2,117 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in SS&C Technologies were worth $141,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its holdings in shares of SS&C Technologies by 29.9% in the first quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA grew its holdings in shares of SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company’s stock valued at $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of SS&C Technologies in the first quarter valued at $509,000. Bank of New York Mellon Corp grew its holdings in shares of SS&C Technologies by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock valued at $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in SS&C Technologies by 403.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock worth $6,337,000 after buying an additional 60,784 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSNC. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Raymond James Financial raised their price target on SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, UBS Group raised their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.38.

SS&C Technologies Stock Performance

SSNC stock opened at $87.87 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50-day moving average price of $87.41 and a 200 day moving average price of $82.40. The company has a market capitalization of $21.46 billion, a P/E ratio of 27.55 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. 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 yield of 4.9%. SS&C Technologies’s dividend payout ratio is presently 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.