Danica Pension Livsforsikringsaktieselskab Buys New Stake in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Danica Pension purchased 341,786 shares of SS&C Technologies worth approximately $21.2 million, giving it a 0.15% stake. Institutional investors collectively own 96.9% of the company.
• SS&C reported quarterly EPS of $1.76, beating estimates of $1.68, while revenue rose 10.3% year over year to $1.70 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.25.
• The company increased its quarterly dividend from $0.27 to $0.30 per share, or $1.20 annually, representing a 1.5% yield and a 31.03% payout ratio.

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 341,786 shares of the technology company's stock, valued at approximately $21,208,000. Danica Pension Livsforsikringsaktieselskab owned approximately 0.15% of SS&C Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AXA S.A. boosted its stake in shares of SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company's stock worth $776,000 after acquiring an additional 130 shares in the last quarter. Private Trust Co. NA increased its stake in shares of SS&C Technologies by 36.0% in the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company's stock valued at $44,000 after purchasing an additional 133 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in SS&C Technologies by 0.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company's stock worth $1,510,000 after purchasing an additional 142 shares during the period. AlphaCore Capital LLC raised its holdings in SS&C Technologies by 3.5% in the 4th quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company's stock worth $394,000 after purchasing an additional 154 shares during the period. Finally, United Community Bank boosted its position in SS&C Technologies by 13.7% during the fourth quarter. United Community Bank now owns 1,285 shares of the technology company's stock worth $112,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $80.53 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The firm has a market capitalization of $18.90 billion, a PE ratio of 23.14 and a beta of 1.07. The business's 50 day moving average price is $70.95 and its 200-day moving average price is $70.71.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. 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 research analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. SS&C Technologies's dividend payout ratio (DPR) is currently 31.03%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. JPMorgan Chase & Co. dropped their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. UBS Group reissued a "buy" rating and issued a $99.00 price target on shares of SS&C Technologies in a report on Thursday, August 13th. Finally, Jefferies Financial Group reduced their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given 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 $91.25.

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.

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