Swedbank AB Acquires 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 boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,988,034 shares of the technology company's stock after acquiring an additional 234,798 shares during the quarter. Swedbank AB owned approximately 0.81% of SS&C Technologies worth $166,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. Baird Financial Group Inc. grew its holdings in SS&C Technologies by 4.2% during the fourth quarter. Baird Financial Group Inc. now owns 7,976 shares of the technology company's stock valued at $604,000 after purchasing an additional 323 shares during the last quarter. Captrust Financial Advisors boosted its stake in SS&C Technologies by 38.8% during the fourth quarter. Captrust Financial Advisors now owns 11,132 shares of the technology company's stock worth $844,000 after buying an additional 3,114 shares in the last quarter. Cetera Investment Advisers boosted its stake in SS&C Technologies by 69.1% during the fourth quarter. Cetera Investment Advisers now owns 22,799 shares of the technology company's stock worth $1,728,000 after buying an additional 9,314 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of SS&C Technologies by 137.2% during the fourth quarter. Focus Partners Wealth now owns 6,931 shares of the technology company's stock valued at $525,000 after acquiring an additional 4,009 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of SS&C Technologies during the fourth quarter valued at $6,051,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group boosted their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen lowered SS&C Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, DA Davidson boosted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Trading Up 1.8%

NASDAQ SSNC opened at $90.09 on Friday. The company has a market cap of $22.00 billion, a PE ratio of 28.24 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $91.07. The stock has a 50 day moving average of $86.21 and a 200-day moving average of $82.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. 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, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.8%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's payout ratio is 33.86%.

SS&C Technologies 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.

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