KLP Kapitalforvaltning AS Purchases 1,400 Shares of SS&C Technologies Holdings, Inc. $SSNC

KLP Kapitalforvaltning AS grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% during the second quarter, HoldingsChannel.com reports. The fund owned 74,600 shares of the technology company’s stock after acquiring an additional 1,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in SS&C Technologies were worth $6,177,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SSNC. IFM Investors Pty Ltd increased its position in SS&C Technologies by 0.3% in the second quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock worth $3,582,000 after purchasing an additional 130 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company’s stock worth $84,000 after buying an additional 140 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of SS&C Technologies by 1.9% in the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock worth $629,000 after buying an additional 144 shares during the last quarter. MAI Capital Management increased its holdings in shares of SS&C Technologies by 11.7% in the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock worth $117,000 after buying an additional 147 shares during the last quarter. Finally, Prudent Man Advisors LLC increased its stake in SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company’s stock worth $639,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson boosted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. UBS Group boosted their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.38.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $82.29 on Friday. The stock’s fifty day moving average is $87.85 and its two-hundred day moving average is $82.73. The company has a market capitalization of $20.10 billion, a PE ratio of 25.80 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 5.2%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s payout ratio is currently 33.86%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.