Tectonic Advisors LLC Buys 214 Shares of SS&C Technologies Holdings, Inc. $SSNC

Tectonic Advisors LLC raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,748 shares of the technology company’s stock after purchasing an additional 214 shares during the quarter. Tectonic Advisors LLC’s holdings in SS&C Technologies were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies during the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in SS&C Technologies during the first quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in SS&C Technologies during the first quarter valued at approximately $30,000. Finally, SVB Wealth LLC bought a new stake in shares of SS&C Technologies in the 1st quarter worth approximately $33,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC boosted 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. Wall Street Zen lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. UBS Group boosted 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 report on Friday, August 22nd. JPMorgan Chase & Co. boosted 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. Finally, 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 report on Thursday, July 24th. One 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. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $97.38.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $84.69 on Friday. The firm’s 50 day moving average price is $87.89 and its 200-day moving average price is $82.74. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. 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 stock has a market capitalization of $20.68 billion, a PE ratio of 26.55 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 5.1%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s 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.