Assenagon Asset Management S.A. Acquires 181,783 Shares of SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Assenagon Asset Management increased its SS&C Technologies stake by 148.8% in the third quarter, acquiring 181,783 shares for a total holding of 303,978 shares valued at approximately $23.4 million.
• SS&C reported quarterly earnings of $1.76 per share and revenue of $1.70 billion, exceeding analyst estimates, while revenue rose 10.3% year over year. Institutional investors own 96.9% of the company.
• The company raised its quarterly dividend to $0.30 per share, or $1.20 annually, representing a 1.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $92.62, compared with a share price of $84.07.

Assenagon Asset Management S.A. boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 148.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,978 shares of the technology company's stock after buying an additional 181,783 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of SS&C Technologies worth $23,428,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Meiji Yasuda Life Insurance Co boosted its position in shares of SS&C Technologies by 1.3% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 15,189 shares of the technology company's stock worth $942,000 after purchasing an additional 192 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in shares of SS&C Technologies by 4.5% during the first quarter. Kera Capital Partners Inc. now owns 4,486 shares of the technology company's stock valued at $303,000 after buying an additional 194 shares during the last quarter. Triad Wealth Partners LLC grew its holdings in shares of SS&C Technologies by 3.2% during the first quarter. Triad Wealth Partners LLC now owns 7,952 shares of the technology company's stock valued at $537,000 after buying an additional 249 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of SS&C Technologies by 6.6% during the first quarter. HB Wealth Management LLC now owns 4,151 shares of the technology company's stock valued at $280,000 after buying an additional 256 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of SS&C Technologies by 94.5% during the third quarter. Elevation Wealth Partners LLC now owns 749 shares of the technology company's stock valued at $58,000 after acquiring an additional 364 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $84.07 on Monday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93. The stock's fifty day moving average is $80.90 and its 200 day moving average is $73.10. The stock has a market cap of $19.73 billion, a P/E ratio of 24.16 and a beta of 1.09. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%. SS&C Technologies's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.30 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.4%. SS&C Technologies's dividend payout ratio is 34.48%.

Analyst Ratings Changes

Several equities research analysts recently commented on SSNC shares. DA Davidson reaffirmed a "buy" rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, July 27th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. UBS Group restated a "buy" rating and set a $101.00 target price on shares of SS&C Technologies in a research note on Wednesday, September 9th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.62.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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