Investment management company Ave Maria recently released its “Ave Maria Rising Dividend Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund returned 10.23% compared to the S&P 500® Dividend Aristocrats Index’s 11.74% return and the S&P 500 Index’s 5.89% return. During the quarter, the Fund’s strongest performing sectors were Real Estate, Financials, and Health Care. You can check the fund’s top 5 holdings for its best picks for 2024.

Ave Maria Rising Dividend Fund highlighted stocks like SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter 2024 investor letter. Headquartered in Windsor, Connecticut, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a software products and software-enabled services provider to the financial and healthcare sectors. The one-month return of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was 9.27%, and its shares gained 38.14% of their value over the last 52 weeks. On November 27, 2024, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) stock closed at $77.36 per share with a market capitalization of $19.161 billion.

Ave Maria Rising Dividend Fund stated the following regarding SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in its Q3 2024 investor letter:

"In the third quarter, the Fund liquidated its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), a provider of application software for financial services. The company specializes in software solutions that facilitate trading, modeling, portfolio management, reporting, and various back-office functions. The decision to sell this holding was based on the assessment that its market value had surpassed our best estimate of the company's fair value."

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) at the end of the third quarter which was 41 in the previous quarter. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) reported adjusted revenue of $1,466.8 million in the third quarter, representing an increase of 7.3% from Q3 2023. While we acknowledge the potential of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.