Danske Bank A S Buys New Shares in SS&C Technologies Holdings, Inc. $SSNC

Danske Bank A S bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 513,735 shares of the technology company’s stock, valued at approximately $31,877,000. Danske Bank A S owned approximately 0.22% of SS&C Technologies as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SSNC. Wealthfront Advisers LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $564,000. Meeder Advisory Services Inc. bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $380,000. Pzena Investment Management LLC bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $684,819,000. Citizens Financial Group Inc. RI acquired a new position in shares of SS&C Technologies in the second quarter valued at $248,000. Finally, UNIVEST FINANCIAL Corp acquired a new position in shares of SS&C Technologies in the second quarter valued at $723,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.00% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $82.28 on Thursday. The business’s fifty day moving average price is $71.23 and its two-hundred day moving average price is $70.71. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 23.64 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s payout ratio is 31.03%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of SS&C Technologies in a research note on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and set a $99.00 price objective on shares of SS&C Technologies in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. Finally, Morgan Stanley lowered their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.25.

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.