Oliver Luxxe Assets LLC Invests $393,000 in SS&C Technologies Holdings, Inc. $SSNC

Oliver Luxxe Assets LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,334 shares of the technology company’s stock, valued at approximately $393,000.

Other hedge funds also recently added to or reduced their stakes in the company. Havemeyer Place LP acquired a new stake in SS&C Technologies during the 4th quarter worth about $26,000. EFG International AG acquired a new position in shares of SS&C Technologies in the 4th quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $37,000. Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies during the second quarter worth about $40,000. Finally, Fifth Third Bancorp grew its holdings in 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 acquiring an additional 329 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. Morgan Stanley dropped their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Jefferies Financial Group cut their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. lowered their price target 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, July 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the transaction, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,740 shares of company stock worth $583,576 in the last three months. 16.00% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $79.23 on Monday. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 22.77 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 $91.07. 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 stock has a 50-day moving average of $69.30 and a 200 day moving average of $70.94.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.SS&C Technologies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. 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. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.03%.

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.