Nordea Investment Management AB Acquires 170,235 Shares of SS&C Technologies Holdings, Inc. $SSNC

Nordea Investment Management AB increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 54.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,979 shares of the technology company’s stock after buying an additional 170,235 shares during the period. Nordea Investment Management AB’s holdings in SS&C Technologies were worth $39,962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of SS&C Technologies by 37.6% in the first quarter. Farther Finance Advisors LLC now owns 1,600 shares of the technology company’s stock valued at $133,000 after buying an additional 437 shares during the period. GAMMA Investing LLC boosted its holdings in SS&C Technologies by 20.0% during the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock worth $275,000 after purchasing an additional 549 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in SS&C Technologies by 47.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock worth $3,085,000 after purchasing an additional 11,863 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in SS&C Technologies by 37.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 3,293 shares during the last quarter. Finally, Riverwater Partners LLC bought a new stake in SS&C Technologies during the first quarter worth $205,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SSNC. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Finally, UBS Group raised 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 note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

SS&C Technologies Stock Up 0.2%

Shares of NASDAQ SSNC opened at $79.68 on Friday. The company has a market capitalization of $19.46 billion, a P/E ratio of 24.98 and a beta of 1.23. 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 quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day moving average price is $87.32 and its 200-day moving average price is $82.64.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 EPS. 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 forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current 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 paid a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 5.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio (DPR) is presently 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.