Assenagon Asset Management S.A. Acquires 132,707 Shares of SS&C Technologies Holdings, Inc. $SSNC

Assenagon Asset Management S.A. raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 286.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,104 shares of the technology company’s stock after buying an additional 132,707 shares during the period. Assenagon Asset Management S.A.’s holdings in SS&C Technologies were worth $12,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSNC. Millennium Management LLC increased its position in SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock valued at $14,754,000 after purchasing an additional 137,301 shares during the period. NewEdge Advisors LLC boosted its stake in shares of SS&C Technologies by 6,069.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock valued at $216,000 after purchasing an additional 2,549 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of SS&C Technologies by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock valued at $57,664,000 after purchasing an additional 97,247 shares in the last quarter. Focus Partners Wealth increased its position in shares of SS&C Technologies by 35.1% during the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock valued at $782,000 after buying an additional 2,431 shares during the period. Finally, Invesco Ltd. increased its position in shares of SS&C Technologies by 17.9% during the second quarter. Invesco Ltd. now owns 569,693 shares of the technology company’s stock valued at $47,171,000 after buying an additional 86,606 shares during the period. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In related news, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total value of $183,196.40. Following the sale, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. The trade was a 14.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,740 shares of company stock valued at $583,576 over the last ninety days. 16.00% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Up 1.0%

Shares of NASDAQ:SSNC opened at $63.66 on Friday. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 19.71 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $67.72 and its two-hundred day simple moving average is $74.54. SS&C Technologies Holdings, Inc. has a 52-week low of $62.99 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.SS&C Technologies’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.7%. SS&C Technologies’s dividend payout ratio is currently 33.44%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research reports. Needham & Company LLC decreased their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Jefferies Financial Group cut their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Morgan Stanley dropped their price target on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

SS&C Technologies Company 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.