Odyssean LLC Takes Position in SS&C Technologies Holdings, Inc. $SSNC

Odyssean LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,925 shares of the technology company’s stock, valued at approximately $2,726,000.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in SS&C Technologies by 349.1% during the first quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after purchasing an additional 137,301 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of SS&C Technologies by 6,069.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after buying an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of SS&C Technologies by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after buying an additional 97,247 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of SS&C Technologies by 35.1% in the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock valued at $782,000 after buying an additional 2,431 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of SS&C Technologies by 17.9% in the 2nd quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after buying an additional 86,606 shares during the period. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Down 0.7%

SS&C Technologies stock opened at $82.99 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26. The company has a 50-day simple moving average of $72.44 and a 200-day simple moving average of $70.85. The firm has a market capitalization of $19.47 billion, a P/E ratio of 23.85 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. SS&C Technologies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm 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 analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is presently 34.48%.

Analysts Set New Price Targets

SSNC has been the topic of several research reports. DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their target price on 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. UBS Group reaffirmed a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price 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.