Catalyst Funds Management Pty Ltd Acquires New Shares in SS&C Technologies Holdings, Inc. $SSNC

Catalyst Funds Management Pty Ltd bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, HoldingsChannel reports. The fund bought 21,700 shares of the technology company’s stock, valued at approximately $1,797,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in SS&C Technologies by 29.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after buying an additional 3,698 shares during the last quarter. Northern Trust Corp grew its holdings in shares of SS&C Technologies by 1.5% in the first quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company’s stock worth $120,914,000 after acquiring an additional 21,252 shares during the period. Eaton Financial Holdings Company LLC purchased a new stake in SS&C Technologies during the second quarter valued at $2,828,000. Nordea Investment Management AB lifted its holdings in SS&C Technologies by 54.1% in the second quarter. Nordea Investment Management AB now owns 484,979 shares of the technology company’s stock valued at $39,962,000 after acquiring an additional 170,235 shares during the period. Finally, Inspire Investing LLC boosted its position in SS&C Technologies by 1,070.5% in the first quarter. Inspire Investing LLC now owns 39,832 shares of the technology company’s stock worth $3,327,000 after purchasing an additional 36,429 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Up 1.8%

Shares of NASDAQ:SSNC opened at $82.84 on Thursday. The business’s 50 day moving average is $85.30 and its 200 day moving average is $84.01. The stock has a market cap of $20.22 billion, a P/E ratio of 24.58 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $69.61 and a 52-week 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.

SS&C Technologies (NASDAQ:SSNC) last issued its 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 business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $1.29 EPS. SS&C Technologies’s revenue was up 7.0% on a year-over-year basis. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS. FY 2025 guidance at 6.020-6.080 EPS. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on SSNC shares. UBS Group upped their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group increased their target price on SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target 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, Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.75.

About SS&C Technologies

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.