SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Boyar Asset Management Inc.

Boyar Asset Management Inc. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,180 shares of the technology company’s stock after acquiring an additional 346 shares during the period. SS&C Technologies accounts for about 0.9% of Boyar Asset Management Inc.’s portfolio, making the stock its 28th largest holding. Boyar Asset Management Inc.’s holdings in SS&C Technologies were worth $1,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. raised its position in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock valued at $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC grew its stake in shares of SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock worth $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of SS&C Technologies during the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies during the first quarter worth $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies during the first quarter worth $30,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 0.5%

Shares of NASDAQ SSNC opened at $87.89 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The firm’s 50 day moving average price is $87.79 and its 200 day moving average price is $82.63. The firm has a market cap of $21.46 billion, a P/E ratio of 27.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current 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. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. SS&C Technologies’s dividend payout ratio (DPR) is 33.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on SSNC shares. UBS Group upped their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Saturday, September 27th. Needham & Company LLC increased their price target 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. Morgan Stanley increased their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.38.

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.