SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 530.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,303 shares of the technology company’s stock after purchasing an additional 68,410 shares during the period. Empowered Funds LLC’s holdings in SS&C Technologies were worth $5,494,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price objective on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. lowered their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. Finally, Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $77.05 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a market capitalization of $18.56 billion, a PE ratio of 22.14 and a beta of 1.11. The company has a fifty day moving average of $67.99 and a two-hundred day moving average of $71.25.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. 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, analysts expect that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the sale, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the firm’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 owned 18,404 shares in the company, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is currently owned by corporate insiders.

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.