Andra AP fonden Increases Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Andra AP fonden increased its SS&C Technologies stake by 56.9% in the second quarter, purchasing 120,100 additional shares for a total of 331,000 shares valued at approximately $20.5 million. Institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with SS&C receiving a consensus rating of “Moderate Buy” and an average price target of $92.62, compared with a recent share price of $79.63.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in adjusted EPS and $1.70 billion in revenue, while revenue increased 10.3% year over year. The company also raised its quarterly dividend from $0.27 to $0.30 per share, producing a 1.5% annualized yield.

Andra AP fonden raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 56.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 331,000 shares of the technology company's stock after purchasing an additional 120,100 shares during the period. Andra AP fonden owned 0.14% of SS&C Technologies worth $20,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Havemeyer Place LP bought a new position in SS&C Technologies during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp purchased a new position in shares of SS&C Technologies in the second quarter valued at $25,000. Ameritas Advisory Services LLC bought a new stake in SS&C Technologies in the second quarter worth $31,000. Johnson Financial Group Inc. bought a new stake in SS&C Technologies in the second quarter worth $43,000. Finally, Westpac Banking Corp purchased a new stake in SS&C Technologies during the second quarter valued at $46,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SSNC shares. DA Davidson restated a "buy" rating and issued a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. Jefferies Financial Group dropped their price target on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price objective on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lifted their target price on SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and an average price target of $92.62.

SS&C Technologies Trading Down 1.0%

Shares of SSNC stock traded down $0.77 during trading hours on Tuesday, reaching $79.63. 556,000 shares of the stock were exchanged, compared to its average volume of 2,212,083. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 22.89 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.22. The company's 50-day moving average price is $78.68 and its 200-day moving average price is $71.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. During the same period in the prior year, the company posted $1.45 EPS. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio is 34.48%.

About SS&C Technologies

SS&C Technologies Holdings, Inc NASDAQ: SSNC provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.

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