Davis Capital Management Acquires New Position in SS&C Technologies Holdings, Inc. $SSNC

Davis Capital Management bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter, according to its most recent filing with the SEC. The firm bought 11,986 shares of the technology company’s stock, valued at approximately $1,064,000.

Other large investors also recently bought and sold shares of the company. Tectonic Advisors LLC raised its holdings in shares of SS&C Technologies by 97.7% in the third quarter. Tectonic Advisors LLC now owns 15,317 shares of the technology company’s stock worth $1,360,000 after buying an additional 7,569 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in SS&C Technologies in the 3rd quarter worth $1,019,000. Moody Lynn & Lieberson LLC lifted its position in SS&C Technologies by 2.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 9,183 shares of the technology company’s stock worth $815,000 after acquiring an additional 208 shares during the period. Ascent Group LLC grew its stake in SS&C Technologies by 50.7% during the 3rd quarter. Ascent Group LLC now owns 3,760 shares of the technology company’s stock valued at $334,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of SS&C Technologies by 4.1% in the third quarter. Ethic Inc. now owns 24,811 shares of the technology company’s stock valued at $2,202,000 after purchasing an additional 966 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Down 1.9%

Shares of SSNC opened at $85.75 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07. The firm has a market capitalization of $20.93 billion, a P/E ratio of 25.45 and a beta of 1.19. The firm has a 50-day moving average price of $85.95 and a 200 day moving average price of $85.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94.

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 the consensus estimate of $1.47 by $0.10. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. SS&C Technologies’s dividend payout ratio is 32.05%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the sale, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SSNC. Morgan Stanley lifted their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. 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 note on Friday, October 24th. Jefferies Financial Group increased 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. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.75.

SS&C Technologies Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.