Assenagon Asset Management S.A. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 502,980 shares of the technology company’s stock, valued at approximately $30,883,000. Assenagon Asset Management S.A. owned approximately 0.20% of SS&C Technologies as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Banco de Sabadell S.A purchased a new stake in SS&C Technologies during the 3rd quarter valued at $52,000. Quadrant Capital Group LLC raised its holdings in SS&C Technologies by 815.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,227 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,093 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in SS&C Technologies by 2,790.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,243 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,200 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in SS&C Technologies by 55.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the technology company’s stock worth $93,000 after purchasing an additional 645 shares in the last quarter. Finally, Strategic Blueprint LLC bought a new position in SS&C Technologies in the 3rd quarter worth $100,000. 83.15% of the stock is owned by institutional investors.
SSNC stock traded up $0.09 during trading on Friday, hitting $63.34. 20,347 shares of the stock traded hands, compared to its average volume of 1,554,094. SS&C Technologies Holdings, Inc. has a 1 year low of $42.51 and a 1 year high of $67.73. The firm’s 50 day moving average is $60.74 and its two-hundred day moving average is $54.45. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 1.08.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.79 EPS. SS&C Technologies’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 3.51 EPS for the current fiscal year.
SSNC has been the subject of several research reports. JPMorgan Chase & Co. set a $69.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson increased their price target on shares of SS&C Technologies from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada set a $70.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, November 1st. BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, Jefferies Financial Group increased their price target on shares of SS&C Technologies from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.23.
In related news, CEO William C. Stone sold 255,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $58.84, for a total transaction of $15,004,200.00. Following the sale, the chief executive officer now directly owns 31,931,624 shares of the company’s stock, valued at approximately $1,878,856,756.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 142 shares of company stock worth $8,373 over the last three months. 14.50% of the stock is currently owned by insiders.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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