Nykredit A S Takes $1.28 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Nykredit A/S acquired 20,650 shares of SS&C Technologies worth approximately $1.28 million in the second quarter. Institutional investors and hedge funds collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $92.62, above its reported $79.26 share price.
• SS&C Technologies exceeded quarterly earnings and revenue expectations, while year-over-year revenue rose 10.3%. The company also increased its quarterly dividend to $0.30 per share, implying a 1.5% annual yield.

Nykredit A S bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,650 shares of the technology company's stock, valued at approximately $1,281,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LP increased its position in shares of SS&C Technologies by 96.3% in the second quarter. Corient Private Wealth LP now owns 24,434 shares of the technology company's stock valued at $1,516,000 after acquiring an additional 11,987 shares during the last quarter. HighTower Advisors LLC boosted its position in SS&C Technologies by 10.3% during the second quarter. HighTower Advisors LLC now owns 4,397 shares of the technology company's stock valued at $273,000 after purchasing an additional 410 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in SS&C Technologies during the second quarter valued at approximately $31,000. Guardian Wealth Management Inc. grew its stake in SS&C Technologies by 4.6% in the second quarter. Guardian Wealth Management Inc. now owns 78,891 shares of the technology company's stock valued at $4,895,000 after purchasing an additional 3,448 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in SS&C Technologies by 84.1% in the second quarter. HB Wealth Management LLC now owns 7,644 shares of the technology company's stock valued at $474,000 after purchasing an additional 3,493 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group reiterated a "buy" rating and set a $101.00 price objective on shares of SS&C Technologies in a research note on Wednesday, September 9th. DA Davidson reissued a "buy" rating and issued a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. Weiss Ratings upgraded shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. Finally, Royal Bank Of Canada increased their price target on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $92.62.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $79.26 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The business's 50 day moving average price is $78.93 and its two-hundred day moving average price is $72.00. The company has a market cap of $18.60 billion, a PE ratio of 22.78 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $90.22.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data 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 return on equity of 21.20% and a net margin of 13.16%.The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period last year, the firm posted $1.45 earnings per share. The business's revenue 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, analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current year.

SS&C Technologies Increases Dividend

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