Nykredit A S Invests $1.34 Million in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Nykredit A/S acquired a new $1.34 million stake in SS&C Technologies during the second quarter, while other institutional investors also increased their holdings. Institutions collectively own 96.9% of the company’s shares.
• Analysts maintain a generally positive outlook, with SS&C carrying a “Moderate Buy” consensus rating and an average price target of $92.38.
• SS&C exceeded quarterly earnings and revenue expectations, reporting $1.76 in EPS and $1.70 billion in revenue. The company also increased its quarterly dividend from $0.27 to $0.30 per share, producing a 1.4% annualized yield.

Nykredit A S acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,523 shares of the technology company's stock, valued at approximately $1,336,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG grew its position in SS&C Technologies by 198.6% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 20,223 shares of the technology company's stock worth $1,255,000 after purchasing an additional 13,451 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of SS&C Technologies during the second quarter worth $3,475,000. Proficio Capital Partners LLC acquired a new stake in shares of SS&C Technologies during the second quarter worth $226,000. Rehmann Capital Advisory Group grew its holdings in shares of SS&C Technologies by 20.3% during the second quarter. Rehmann Capital Advisory Group now owns 25,143 shares of the technology company's stock valued at $1,559,000 after buying an additional 4,241 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of SS&C Technologies by 33.1% during the second quarter. Headlands Technologies LLC now owns 57,158 shares of the technology company's stock valued at $3,547,000 after buying an additional 14,208 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SSNC shares. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Royal Bank Of Canada boosted their price target on SS&C Technologies from $92.00 to $101.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Weiss Ratings raised SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Jefferies Financial Group reduced their price objective on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their target price on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $92.38.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $83.65 on Tuesday. The stock has a market cap of $19.63 billion, a PE ratio of 24.04 and a beta of 1.09. The firm has a fifty day moving average price of $75.74 and a 200 day moving average price of $71.46. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $90.26. 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 (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results 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 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%. The firm's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. 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. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

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

SS&C Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.