Key Points
- Normand Boulanger, a SS&C director, sold 150,000 shares at an average price of $85.85 for proceeds of about $12.88 million, reducing his stake by 27.94% to 386,924 shares.
- SS&C reported Q3 EPS of $1.57 (beating estimates) and revenue of $1.57B (up 7% y/y), issued Q4 and FY2025 EPS guidance, and carries an average analyst price target of $101.75 (Moderate Buy).
- The company disclosed a quarterly dividend of $0.27 (annualized $1.08), implying roughly a 1.3% yield, with record and ex-dividend dates set for December 1.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) Director Normand Boulanger sold 150,000 shares of the firm's stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the sale, the director owned 386,924 shares of the company's stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
SS&C Technologies Stock Down 0.2%
Shares of SSNC opened at $85.70 on Thursday. 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 Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $91.07. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 25.43 and a beta of 1.24. The business's fifty day moving average price is $84.85 and its two-hundred day moving average price is $84.26.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a return on equity of 19.92% and a net margin of 13.86%.The firm's revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.
SS&C Technologies Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. SS&C Technologies's payout ratio is currently 32.05%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on SS&C Technologies from $98.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 28th. Raymond James Financial boosted their price target on SS&C Technologies from $101.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Friday, October 24th. Weiss Ratings restated a "buy (b)" rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. DA Davidson set a $102.00 price target on SS&C Technologies in a research note on Friday, October 24th. Finally, UBS Group raised their target price on SS&C Technologies from $110.00 to $112.00 and gave the company a "buy" rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.75.
Get Our Latest Report on SS&C Technologies
Institutional Trading of SS&C Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in SS&C Technologies by 38.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,940 shares of the technology company's stock valued at $663,000 after acquiring an additional 2,206 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of SS&C Technologies by 41.0% during the 1st quarter. Cetera Investment Advisers now owns 32,153 shares of the technology company's stock valued at $2,686,000 after buying an additional 9,354 shares in the last quarter. Assetmark Inc. grew its position in shares of SS&C Technologies by 10.5% in the first quarter. Assetmark Inc. now owns 69,310 shares of the technology company's stock valued at $5,789,000 after purchasing an additional 6,588 shares in the last quarter. TD Asset Management Inc increased its position in shares of SS&C Technologies by 5.9% during the first quarter. TD Asset Management Inc now owns 65,872 shares of the technology company's stock valued at $5,502,000 after buying an additional 3,694 shares during the period. Finally, LPL Financial LLC lifted its stake in SS&C Technologies by 18.8% in the 1st quarter. LPL Financial LLC now owns 102,246 shares of the technology company's stock worth $8,541,000 after purchasing an additional 16,191 shares in the last quarter. 96.90% of the stock is owned by institutional investors.
SS&C Technologies Company Profile
(
Get Free Report)
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.
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