Swedbank AB Purchases 234,798 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Swedbank AB increased its stake in SS&C Technologies by 13.4%, acquiring an additional 234,798 shares worth approximately $166 million, bringing its total ownership to about 0.81%.
• SS&C Technologies has received positive attention from analysts, with several firms raising their price targets, resulting in an average target price of $97.38 and a consensus rating of "Moderate Buy."
• The company is set to pay a quarterly dividend of $1.08 per share, reflecting an annual yield of 4.8%, which marks an increase from its previous dividend of $0.25.

Swedbank AB lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,988,034 shares of the technology company's stock after acquiring an additional 234,798 shares during the period. Swedbank AB owned 0.81% of SS&C Technologies worth $166,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. lifted its stake in SS&C Technologies by 4.2% in the 4th quarter. Baird Financial Group Inc. now owns 7,976 shares of the technology company's stock worth $604,000 after purchasing an additional 323 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of SS&C Technologies by 38.8% during the 4th quarter. Captrust Financial Advisors now owns 11,132 shares of the technology company's stock worth $844,000 after purchasing an additional 3,114 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of SS&C Technologies by 69.1% during the 4th quarter. Cetera Investment Advisers now owns 22,799 shares of the technology company's stock worth $1,728,000 after purchasing an additional 9,314 shares during the last quarter. Focus Partners Wealth lifted its position in shares of SS&C Technologies by 137.2% during the 4th quarter. Focus Partners Wealth now owns 6,931 shares of the technology company's stock worth $525,000 after purchasing an additional 4,009 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of SS&C Technologies during the 4th quarter worth $6,051,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 1.9%

SSNC traded up $1.65 on Wednesday, reaching $90.11. 279,436 shares of the company traded hands, compared to its average volume of 1,338,229. The stock's 50 day moving average price is $86.53 and its 200-day moving average price is $82.19. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 28.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating 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 firm had revenue of $1.54 billion for 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 firm'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. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research reports. DA Davidson boosted their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group boosted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Raymond James Financial boosted their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Company Profile

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.