Assenagon Asset Management S.A. Grows Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Assenagon Asset Management S.A. grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 64.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,712 shares of the technology company's stock after purchasing an additional 67,915 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of SS&C Technologies worth $12,817,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC raised its stake in shares of SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company's stock valued at $25,000 after acquiring an additional 172 shares during the period. Innealta Capital LLC purchased a new position in shares of SS&C Technologies during the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of SS&C Technologies during the second quarter valued at approximately $35,000. Benjamin Edwards Inc. lifted its stake in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after acquiring an additional 204 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after acquiring an additional 693 shares during the period. 96.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SSNC shares. DA Davidson reissued a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday. Raymond James boosted their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $77.75.

Insider Transactions at SS&C Technologies

In related news, COO Rahul Kanwar sold 412,190 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at $4,215,359.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares of the company's stock, valued at $678,172.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at approximately $4,215,359.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 609,690 shares of company stock worth $44,821,055. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Up 0.1 %

Shares of SSNC traded up $0.09 during trading hours on Monday, hitting $70.13. The company had a trading volume of 1,895,963 shares, compared to its average volume of 1,049,715. The company has a market capitalization of $17.34 billion, a PE ratio of 27.94 and a beta of 1.38. The company's fifty day moving average price is $74.32 and its two-hundred day moving average price is $67.85. SS&C Technologies Holdings, Inc. has a one year low of $48.65 and a one year high of $77.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.62%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $1.04 EPS. SS&C Technologies's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. SS&C Technologies's dividend payout ratio is presently 39.84%.

SS&C Technologies declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

SS&C Technologies Profile

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.