Assenagon Asset Management S.A. Has $5.01 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Assenagon Asset Management S.A. raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,990 shares of the technology company's stock after buying an additional 8,440 shares during the quarter. Assenagon Asset Management S.A.'s holdings in SS&C Technologies were worth $5,011,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after buying an additional 123 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after buying an additional 139 shares in the last quarter. Global Retirement Partners LLC lifted its stake in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after buying an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after buying an additional 158 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Stock Down 3.0%

SSNC traded down $2.44 during midday trading on Friday, hitting $79.16. 1,055,843 shares of the company's stock traded hands, compared to its average volume of 1,319,213. SS&C Technologies Holdings, Inc. has a one year low of $60.27 and a one year high of $89.73. The company has a market cap of $19.53 billion, a PE ratio of 26.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock's fifty day simple moving average is $78.12 and its 200-day simple moving average is $79.77.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The company's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio is 31.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SSNC shares. DA Davidson reduced their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Raymond James reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

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.