Assenagon Asset Management S.A. Has $1.19 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Assenagon Asset Management S.A. lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,434 shares of the technology company’s stock after selling 8,341 shares during the period. Assenagon Asset Management S.A.’s holdings in SS&C Technologies were worth $1,192,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SSNC. Caldwell Trust Co bought a new position in SS&C Technologies during the second quarter worth $27,000. SVB Wealth LLC acquired a new stake in SS&C Technologies during the 1st quarter worth about $33,000. 1248 Management LLC bought a new position in shares of SS&C Technologies in the 1st quarter worth about $34,000. Osterweis Capital Management Inc. bought a new position in shares of SS&C Technologies in the 2nd quarter worth about $40,000. Finally, Salem Investment Counselors Inc. lifted its stake in shares of SS&C Technologies by 71.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock valued at $55,000 after purchasing an additional 261 shares during the period. 96.90% of the stock is owned by institutional investors.

Insider Transactions at SS&C Technologies

In other news, Director Normand A. Boulanger sold 150,000 shares of the company’s stock in a transaction 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 sale, the director owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. DA Davidson set a $102.00 price objective on shares of SS&C Technologies in a research report on Friday, October 24th. Raymond James Financial boosted their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada increased their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Needham & Company LLC lifted their price target on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Trading Down 0.1%

SSNC opened at $89.03 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $91.07. The firm has a market capitalization of $21.72 billion, a PE ratio of 26.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day moving average is $85.02 and its 200 day moving average is $85.26.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $1.29 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. 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, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

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

SS&C Technologies Profile

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.