SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,621 shares of the technology company’s stock after selling 741 shares during the period. SS&C Technologies comprises approximately 5.0% of Kennon Green & Company LLC’s holdings, making the stock its 7th biggest holding. Kennon Green & Company LLC’s holdings in SS&C Technologies were worth $6,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. IFM Investors Pty Ltd lifted its holdings in SS&C Technologies by 0.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock worth $3,582,000 after buying an additional 130 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company’s stock valued at $84,000 after purchasing an additional 140 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock worth $629,000 after purchasing an additional 144 shares during the last quarter. MAI Capital Management grew its stake in SS&C Technologies by 11.7% in the first quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock worth $117,000 after purchasing an additional 147 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake in SS&C Technologies by 3.0% in the second quarter. Mutual Advisors LLC now owns 5,175 shares of the technology company’s stock worth $441,000 after purchasing an additional 150 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 2.3%

Shares of NASDAQ:SSNC opened at $82.88 on Wednesday. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 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 firm has a market cap of $20.24 billion, a P/E ratio of 25.98 and a beta of 1.23. The company has a 50 day moving average of $87.70 and a 200-day moving average of $82.71.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 33.86%.

Analyst Ratings Changes

Several brokerages have recently commented on SSNC. Morgan Stanley lifted their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $97.38.

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.