SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Heron Bay Capital Management

Heron Bay Capital Management grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 277,282 shares of the technology company’s stock after purchasing an additional 22,745 shares during the quarter. SS&C Technologies makes up about 4.5% of Heron Bay Capital Management’s holdings, making the stock its 7th largest position. Heron Bay Capital Management’s holdings in SS&C Technologies were worth $22,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $30,000. SVB Wealth LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in shares of SS&C Technologies during the first quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $51,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $83.90 on Friday. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 24.90 and a beta of 1.24. The business’s 50 day moving average is $85.05 and its two-hundred day moving average is $84.05. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.92% and a net margin of 13.86%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, December 1st. SS&C Technologies’s payout ratio is presently 32.05%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Raymond James Financial increased their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Morgan Stanley boosted their price target on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Royal Bank Of Canada upped their price target on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One equities 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, the company has an average rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Company 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.