SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in SS&C Technologies by 72% in Q2, holding approximately $283.15 million worth of shares.
• SS&C Technologies reported an earnings per share (EPS) of $1.45 for the last quarter, exceeding expectations, and set a FY 2025 EPS guidance of 5.820-6.060.
• Several analysts have raised their target prices for SS&C, with a consensus rating of "Moderate Buy" and an average price target of $97.38.

Swedbank AB grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 72.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,419,654 shares of the technology company's stock after buying an additional 1,431,620 shares during the quarter. Swedbank AB owned 1.39% of SS&C Technologies worth $283,147,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock valued at $1,704,134,000 after purchasing an additional 186,440 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in SS&C Technologies by 3.6% during the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company's stock valued at $433,212,000 after acquiring an additional 182,200 shares in the last quarter. AQR Capital Management LLC grew its stake in SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after acquiring an additional 651,650 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in SS&C Technologies by 9.8% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock worth $142,447,000 after buying an additional 151,708 shares in the last quarter. Finally, Northern Trust Corp grew its stake in SS&C Technologies by 1.5% in the 1st quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company's stock worth $120,914,000 after buying an additional 21,252 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 0.7%

Shares of SSNC stock traded down $0.66 during mid-day trading on Friday, hitting $88.59. 2,101,110 shares of the stock traded hands, compared to its average volume of 952,487. The stock has a market cap of $21.64 billion, a P/E ratio of 27.77 and a beta of 1.24. The stock's fifty day moving average is $86.88 and its two-hundred day moving average is $82.23. 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 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 posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $1.27 earnings per share. The company'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. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $1.08 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 4.9%. SS&C Technologies's dividend payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SSNC shares. Raymond James Financial upped their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One 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 company. According to MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and an average 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.