SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,466,065 shares of the technology company’s stock after selling 21,235 shares during the period. Franklin Resources Inc. owned approximately 1.01% of SS&C Technologies worth $204,190,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. Elequin Capital LP purchased a new position in SS&C Technologies during the first quarter worth approximately $30,000. SVB Wealth LLC acquired a new position in SS&C Technologies during the first quarter worth $33,000. 1248 Management LLC acquired a new position in SS&C Technologies during the first quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Morgan Stanley lifted their target price on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. DA Davidson set a $102.00 price target on shares of SS&C Technologies in a research note on Friday, October 24th. Finally, Royal Bank Of Canada raised their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. One research 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, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies Stock Up 1.5%

Shares of SSNC opened at $83.90 on Friday. The company’s 50-day moving average price is $85.05 and its 200 day moving average price is $84.09. 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. The firm has a market cap of $20.47 billion, a P/E ratio of 24.90 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. SS&C Technologies’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

The company 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 $0.27 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. SS&C Technologies’s payout ratio is presently 32.05%.

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.