Swedbank AB Increases Stake in SS&C Technologies Holdings, Inc. $SSNC

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 lifted its stake 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 & Exchange Commission. The institutional investor owned 3,419,654 shares of the technology company's stock after purchasing an additional 1,431,620 shares during the period. Swedbank AB owned about 1.39% of SS&C Technologies worth $283,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. Cetera Investment Advisers increased its stake in shares of 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 purchasing an additional 9,314 shares in the last quarter. Focus Partners Wealth boosted its position in SS&C Technologies by 137.2% during the fourth quarter. Focus Partners Wealth now owns 6,931 shares of the technology company's stock worth $525,000 after acquiring an additional 4,009 shares during the last quarter. Royal Bank of Canada boosted its position in SS&C Technologies by 173.2% during the fourth quarter. Royal Bank of Canada now owns 680,915 shares of the technology company's stock worth $51,600,000 after acquiring an additional 431,643 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in SS&C Technologies by 14.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 7,374 shares of the technology company's stock worth $559,000 after acquiring an additional 937 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in SS&C Technologies during the fourth quarter worth about $1,841,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

SSNC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. DA Davidson boosted their price target 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. UBS Group boosted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, Raymond James Financial boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Trading Up 1.2%

Shares of SSNC stock traded up $1.05 during trading hours on Monday, hitting $89.64. The company had a trading volume of 1,202,044 shares, compared to its average volume of 961,344. The company's fifty day moving average is $87.00 and its 200 day moving average is $82.24. 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 Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $91.07. The stock has a market capitalization of $21.89 billion, a PE ratio of 28.10 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping 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 analyst estimates of $1.52 billion. During the same period in the prior year, the business posted $1.27 EPS. The business'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. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. SS&C Technologies's dividend payout ratio (DPR) is currently 33.86%.

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.