Assenagon Asset Management S.A. Decreases Stake in SS&C Technologies Holdings, Inc. $SSNC

Assenagon Asset Management S.A. lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,434 shares of the technology company’s stock after selling 8,341 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SS&C Technologies were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in SS&C Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock valued at $1,702,971,000 after purchasing an additional 165,821 shares during the period. DNB Asset Management AS boosted its holdings in shares of SS&C Technologies by 7.3% in the 2nd quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock worth $3,983,000 after buying an additional 3,269 shares during the last quarter. North Star Asset Management Inc. grew its position in SS&C Technologies by 1.0% during the second quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock valued at $50,627,000 after buying an additional 6,199 shares during the period. Eaton Financial Holdings Company LLC purchased a new stake in SS&C Technologies during the second quarter worth about $2,828,000. Finally, JPMorgan Chase & Co. raised its position in SS&C Technologies by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 412,791 shares of the technology company’s stock worth $34,179,000 after acquiring an additional 30,449 shares during the period. 96.90% of the stock is owned by institutional investors.

SS&C Technologies Trading Down 0.1%

Shares of SSNC stock opened at $89.03 on Thursday. The stock has a market capitalization of $21.72 billion, a price-to-earnings ratio of 26.42 and a beta of 1.20. The company’s fifty day simple moving average is $85.02 and its two-hundred day simple moving average is $85.26. SS&C Technologies Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $91.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, December 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. SS&C Technologies’s dividend payout ratio is currently 32.05%.

Insider Activity

In other news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares in the company, valued at approximately $33,217,425.40. This trade represents a 27.94% 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 the SEC website. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SSNC. Royal Bank Of Canada increased their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group increased their price objective on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Needham & Company LLC upped their price target on SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Raymond James Financial lifted their price objective on SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $101.75.

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.