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

Swedbank AB lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,710,333 shares of the technology company’s stock after purchasing an additional 290,679 shares during the quarter. Swedbank AB’s holdings in SS&C Technologies were worth $329,329,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caldwell Trust Co bought a new position in SS&C Technologies in the 2nd quarter valued at about $27,000. SVB Wealth LLC bought a new position in shares of SS&C Technologies in the first quarter valued at approximately $33,000. 1248 Management LLC bought a new position in shares of SS&C Technologies in the first quarter valued at approximately $34,000. Osterweis Capital Management Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at $40,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of SS&C Technologies by 71.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock worth $55,000 after buying an additional 261 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $89.10 on Wednesday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $91.07. The firm’s 50 day simple moving average is $84.86 and its 200-day simple moving average is $85.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $21.74 billion, a P/E ratio of 26.44 and a beta of 1.20.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. SS&C Technologies’s dividend payout ratio is 32.05%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the sale, the director directly owned 386,924 shares in the company, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group raised their target price on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Morgan Stanley raised their price objective on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Raymond James Financial raised their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Finally, UBS Group upped their price target on SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.75.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.