Assenagon Asset Management S.A. Has $1.80 Million Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• Assenagon Asset Management S.A. significantly reduced its holdings in SS&C Technologies by 63.7% in Q2, now owning approximately $1.80 million worth of shares.
• Analysts have recently raised price targets for SS&C Technologies, with a consensus target price of $97.38 and various buy ratings from multiple firms.
• SS&C Technologies announced a quarterly dividend of $1.08, reflecting a substantial increase from the previous dividend, representing an annual yield of 4.9%.

Assenagon Asset Management S.A. reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 63.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,775 shares of the technology company's stock after selling 38,215 shares during the period. Assenagon Asset Management S.A.'s holdings in SS&C Technologies were worth $1,803,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atwood & Palmer Inc. lifted its holdings in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the period. Larson Financial Group LLC increased its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP bought a new stake in SS&C Technologies in the first quarter valued at approximately $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSNC has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group upped their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley upped their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Finally, Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Stock Up 0.9%

Shares of SSNC stock opened at $87.87 on Friday. The firm has a fifty day moving average of $87.41 and a 200-day moving average of $82.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies's payout ratio is 33.86%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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