SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stake Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 70.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,550 shares of the technology company’s stock after selling 121,162 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SS&C Technologies were worth $3,906,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its holdings in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $68,000. Versant Capital Management Inc grew its holdings in shares of SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $89,000. 96.95% of the stock is owned by institutional investors.

Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 449,000 shares of company stock worth $34,461,478. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

SSNC opened at $78.50 on Tuesday. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $59.20 and a 1-year high of $79.59. The business has a 50 day moving average price of $76.05 and a two-hundred day moving average price of $73.52.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James boosted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.