Nordea Investment Management AB Sells 74,168 Shares of SS&C Technologies Holdings, Inc. $SSNC

Nordea Investment Management AB lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 410,811 shares of the technology company’s stock after selling 74,168 shares during the period. Nordea Investment Management AB owned approximately 0.17% of SS&C Technologies worth $36,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SSNC. North Star Asset Management Inc. lifted its holdings in SS&C Technologies by 1.0% during the 2nd quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock worth $50,627,000 after buying an additional 6,199 shares during the period. Vanguard Group Inc. raised its position in shares of SS&C Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock worth $1,702,971,000 after acquiring an additional 165,821 shares during the last quarter. DNB Asset Management AS raised its position in shares of SS&C Technologies by 7.3% during the second quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock worth $3,983,000 after acquiring an additional 3,269 shares during the last quarter. Davis Capital Management acquired a new position in shares of SS&C Technologies in the third quarter worth approximately $1,064,000. Finally, Eaton Financial Holdings Company LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $2,828,000. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SSNC shares. UBS Group raised their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. DA Davidson set a $102.00 price objective on shares of SS&C Technologies in a research report on Friday, October 24th. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada upped their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Stock Up 1.5%

Shares of NASDAQ SSNC opened at $86.04 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94. The firm has a market cap of $21.00 billion, a PE ratio of 25.53 and a beta of 1.19. The company’s fifty day simple moving average is $86.33 and its 200 day simple moving average is $86.00. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 earnings per share. 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.27 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.08 annualized dividend and a yield of 1.3%. SS&C Technologies’s dividend payout ratio is presently 32.05%.

Insider Buying and Selling

In other news, Director Normand A. Boulanger sold 150,000 shares of the business’s stock in a transaction that occurred 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 owned 386,924 shares in the company, valued at $33,217,425.40. The trade was a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 16.40% of the company’s stock.

SS&C Technologies Company Profile

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.