Nordea Investment Management AB Acquires 170,235 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Nordea Investment Management AB significantly increased its stake in SS&C Technologies by 54.1% during the second quarter, purchasing an additional 170,235 shares to total 484,979 shares valued at approximately $39.96 million.
• SS&C Technologies recently reported a 5.9% year-over-year revenue increase, with earnings per share of $1.45, surpassing analysts' expectations of $1.39.
• The company also announced a substantial dividend increase from $0.25 to $1.08 per share, reflecting a dividend yield of 5.4%.

Nordea Investment Management AB grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 54.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,979 shares of the technology company's stock after purchasing an additional 170,235 shares during the quarter. Nordea Investment Management AB owned about 0.20% of SS&C Technologies worth $39,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SSNC. Farther Finance Advisors LLC raised its holdings in shares of SS&C Technologies by 37.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,600 shares of the technology company's stock valued at $133,000 after purchasing an additional 437 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SS&C Technologies by 20.0% during the 1st quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company's stock valued at $275,000 after purchasing an additional 549 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SS&C Technologies by 47.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company's stock valued at $3,085,000 after purchasing an additional 11,863 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SS&C Technologies by 37.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company's stock valued at $1,004,000 after purchasing an additional 3,293 shares in the last quarter. Finally, Riverwater Partners LLC bought a new position in shares of SS&C Technologies during the 1st quarter valued at $205,000. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Trading Up 0.2%

Shares of SSNC stock opened at $79.68 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The company has a market capitalization of $19.46 billion, a P/E ratio of 24.98 and a beta of 1.23. The firm has a 50-day moving average price of $87.32 and a 200 day moving average price of $82.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's payout ratio is presently 33.86%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SSNC. Morgan Stanley raised their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. DA Davidson raised their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Raymond James Financial raised their price target on shares of SS&C Technologies from $95.00 to $101.00 and gave the stock a "strong-buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.13.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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