Danske Bank A S Makes New Investment in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Danske Bank initiated a position in SS&C Technologies during the second quarter, purchasing 27,378 shares worth approximately $1.7 million. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in adjusted EPS versus the $1.68 consensus and $1.70 billion in revenue, up 10.3% year over year.
• The company increased its quarterly dividend to $0.30 per share, equivalent to a $1.20 annual payout and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.25.

Danske Bank A S bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,378 shares of the technology company's stock, valued at approximately $1,699,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in SS&C Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company's stock worth $1,794,908,000 after purchasing an additional 74,170 shares in the last quarter. BlackRock Inc. purchased a new stake in SS&C Technologies in the 2nd quarter valued at approximately $1,043,987,000. Pzena Investment Management LLC purchased a new stake in SS&C Technologies in the 2nd quarter valued at approximately $684,819,000. State Street Corp boosted its holdings in SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company's stock valued at $530,125,000 after purchasing an additional 125,580 shares in the last quarter. Finally, Bank of Montreal Can increased its position in SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock worth $448,132,000 after purchasing an additional 5,012,893 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

SS&C Technologies Trading Up 1.0%

Shares of SSNC opened at $82.95 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm's 50-day moving average is $71.82 and its two-hundred day moving average is $70.80. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The firm has a market capitalization of $19.46 billion, a P/E ratio of 23.84 and a beta of 1.07.

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

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's dividend payout ratio (DPR) is 34.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SSNC shares. JPMorgan Chase & Co. cut their target price on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Weiss Ratings upgraded SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Wall Street Zen raised SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. DA Davidson reiterated a "buy" rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. Finally, Royal Bank Of Canada raised their target price on SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $91.25.

About SS&C Technologies

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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