Andra AP fonden Buys 205,600 Shares of SS&C Technologies Holdings, Inc. $SSNC

Andra AP fonden grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3,879.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 210,900 shares of the technology company’s stock after acquiring an additional 205,600 shares during the period. Andra AP fonden’s holdings in SS&C Technologies were worth $14,251,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after purchasing an additional 5,012,893 shares in the last quarter. Norges Bank acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at about $242,846,000. Lyrical Asset Management LP acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at about $220,573,000. Alliancebernstein L.P. grew its holdings in shares of SS&C Technologies by 503.0% during the third quarter. Alliancebernstein L.P. now owns 1,261,559 shares of the technology company’s stock worth $111,976,000 after purchasing an additional 1,052,331 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of SS&C Technologies by 48.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,267,717 shares of the technology company’s stock worth $198,244,000 after purchasing an additional 743,245 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

SSNC stock opened at $67.92 on Wednesday. The firm has a market cap of $16.36 billion, a PE ratio of 21.03 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $66.70 and a 200-day moving average price of $71.90. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.6%. SS&C Technologies’s dividend payout ratio is currently 33.44%.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,740 shares of company stock valued at $583,576 over the last 90 days. Corporate insiders own 16.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SSNC. Morgan Stanley dropped their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, UBS Group boosted their price objective on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $94.12.

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.