Andra AP fonden Boosts Position in SS&C Technologies Holdings, Inc. $SSNC

Andra AP fonden boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 56.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 331,000 shares of the technology company’s stock after purchasing an additional 120,100 shares during the period. Andra AP fonden’s holdings in SS&C Technologies were worth $20,539,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Havemeyer Place LP purchased a new position in shares of SS&C Technologies during the fourth quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the second quarter valued at approximately $31,000. Johnson Financial Group Inc. bought a new position in SS&C Technologies in the second quarter worth approximately $43,000. Finally, Westpac Banking Corp bought a new position in SS&C Technologies in the second quarter worth approximately $46,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 1.0%

NASDAQ SSNC traded down $0.77 during midday trading on Tuesday, hitting $79.63. 556,000 shares of the company traded hands, compared to its average volume of 2,212,083. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $18.69 billion, a PE ratio of 22.89 and a beta of 1.09. The company’s 50-day simple moving average is $78.68 and its 200-day simple moving average is $71.97. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $90.22.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. 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, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s payout ratio is currently 34.48%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SSNC. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. UBS Group restated a “buy” rating and set a $101.00 price target on shares of SS&C Technologies in a research note on Wednesday, September 9th. Jefferies Financial Group decreased their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.62.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc (NASDAQ: SSNC) provides software and software-enabled services to the financial services and healthcare industries. Its platforms are designed to support investment management, fund administration, portfolio accounting, trading, risk management, financial reporting, and regulatory compliance.

The company serves asset managers, hedge funds, private equity firms, wealth managers, banks, insurance companies, corporations, and healthcare organizations. Its offerings include products for alternative investment and fund administration, wealth and asset management, institutional investment management, loan and portfolio servicing, and healthcare claims and payment processing.