Odyssean LLC Invests $2.73 Million in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Odyssean LLC acquired a new $2.73 million stake in SS&C Technologies during the second quarter, purchasing 43,925 shares. Institutional investors collectively own 96.9% of the company.
• SS&C reported quarterly EPS of $1.76, beating estimates by $0.08, while revenue rose 10.3% year over year to $1.70 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.25.
• The company increased its quarterly dividend from $0.27 to $0.30 per share, equivalent to an annualized $1.20 dividend and a 1.4% yield.

Odyssean LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,925 shares of the technology company's stock, valued at approximately $2,726,000.

Several other hedge funds have also modified their holdings of SSNC. Jones Financial Companies Lllp purchased a new position in SS&C Technologies in the 2nd quarter worth approximately $25,000. Havemeyer Place LP acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $26,000. EFG International AG purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. purchased a new stake in shares of SS&C Technologies during the second quarter valued at approximately $40,000. Finally, Fifth Third Bancorp lifted its position in shares of SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company's stock worth $42,000 after purchasing an additional 329 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SSNC shares. Royal Bank Of Canada raised their price target on shares of SS&C Technologies from $89.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. UBS Group restated a "buy" rating and set a $99.00 target price on shares of SS&C Technologies in a research note on Thursday, August 13th. Finally, Jefferies Financial Group dropped their target price on SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. One investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

SS&C Technologies Stock Down 0.7%

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

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The firm's quarterly revenue was up 10.3% on a year-over-year basis. 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. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.30 dividend. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies's dividend payout ratio (DPR) is currently 34.48%.

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.

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