Nordea Investment Management AB Has $14.84 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nordea Investment Management AB raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 127.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 242,712 shares of the technology company's stock after buying an additional 135,775 shares during the quarter. Nordea Investment Management AB owned 0.10% of SS&C Technologies worth $14,839,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SSNC. Price T Rowe Associates Inc. MD lifted its position in shares of SS&C Technologies by 482.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,727,873 shares of the technology company's stock worth $210,514,000 after acquiring an additional 3,088,224 shares during the period. Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $124,570,000. Shapiro Capital Management LLC bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $118,298,000. Durable Capital Partners LP bought a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $121,640,000. Finally, Capital World Investors bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $103,226,000. Institutional investors own 82.17% of the company's stock.

SS&C Technologies Trading Up 1.1 %

Shares of NASDAQ SSNC traded up $0.70 during midday trading on Thursday, hitting $64.40. The stock had a trading volume of 936,304 shares, compared to its average volume of 930,047. The company's 50-day simple moving average is $62.18 and its 200 day simple moving average is $57.66. The firm has a market cap of $15.91 billion, a P/E ratio of 27.06 and a beta of 1.43. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $64.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.49%. SS&C Technologies's dividend payout ratio (DPR) is currently 40.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SSNC. Royal Bank of Canada raised their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Truist Financial raised their target price on SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, February 14th. Citigroup raised their target price on SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. UBS Group raised their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Finally, TheStreet raised SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $69.44.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.