SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 191.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 179,108 shares of the technology company’s stock after buying an additional 117,749 shares during the period. QRG Capital Management Inc.’s holdings in SS&C Technologies were worth $14,830,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SSNC. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SS&C Technologies by 102.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,070 shares of the technology company’s stock valued at $1,900,000 after buying an additional 12,717 shares during the period. Wellington Management Group LLP boosted its holdings in shares of SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after buying an additional 161 shares during the period. Merit Financial Group LLC boosted its holdings in shares of SS&C Technologies by 71.2% in the 1st quarter. Merit Financial Group LLC now owns 8,108 shares of the technology company’s stock valued at $677,000 after buying an additional 3,372 shares during the period. Vest Financial LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at about $276,000. Finally, Radnor Capital Management LLC acquired a new position in SS&C Technologies during the 1st quarter valued at about $210,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.5%

Shares of NASDAQ:SSNC opened at $87.89 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $21.46 billion, a PE ratio of 27.55 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The firm has a 50 day simple moving average of $87.79 and a 200 day simple moving average of $82.62.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results 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 business 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. 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, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given 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 annualized dividend and a dividend yield of 4.9%. SS&C Technologies’s payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Raymond James Financial boosted their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 24th. UBS Group boosted their target price 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 reissued a “buy (b)” rating on shares of SS&C Technologies in a research note on Saturday, September 27th. Finally, Wall Street Zen lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.38.

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.