Korea Investment CORP Purchases 81,838 Shares of SS&C Technologies Holdings, Inc. $SSNC

Korea Investment CORP raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 36.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,588 shares of the technology company’s stock after purchasing an additional 81,838 shares during the period. Korea Investment CORP’s holdings in SS&C Technologies were worth $25,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AlphaCore Capital LLC grew its position in shares of SS&C Technologies by 3.4% during the 2nd quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company’s stock worth $304,000 after buying an additional 120 shares in the last quarter. IFM Investors Pty Ltd increased its position in SS&C Technologies by 0.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock valued at $3,582,000 after purchasing an additional 130 shares during the period. Penserra Capital Management LLC boosted its stake in shares of SS&C Technologies by 12.7% during the second quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company’s stock valued at $96,000 after purchasing an additional 131 shares in the last quarter. Allworth Financial LP boosted its position in SS&C Technologies by 7.2% during the 2nd quarter. Allworth Financial LP now owns 2,162 shares of the technology company’s stock valued at $179,000 after acquiring an additional 146 shares in the last quarter. Finally, MAI Capital Management increased its holdings in shares of SS&C Technologies by 11.7% in the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock valued at $117,000 after acquiring an additional 147 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.3%

NASDAQ:SSNC opened at $85.93 on Friday. The company has a market cap of $20.97 billion, a PE ratio of 25.50 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $69.61 and a twelve 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 company’s 50 day moving average is $84.73 and its two-hundred day moving average is $84.31.

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

SS&C Technologies Cuts Dividend

The company also recently declared 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. 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 currently 32.05%.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the transaction, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. UBS Group lifted their target price on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Royal Bank Of Canada increased their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Jefferies Financial Group boosted their price objective on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies currently 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.