SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its SS&C Technologies stake by 31.8% in the second quarter, selling 56,909 shares and retaining 122,195 shares worth approximately $7.6 million. Institutional investors collectively own 96.9% of the company.
• SS&C Technologies exceeded quarterly expectations, reporting $1.76 in EPS on $1.70 billion in revenue, with revenue up 10.3% year over year. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 1.4% annualized yield.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $93.25 versus the stock’s reported $79.85 price. Meanwhile, insiders sold 8,740 shares worth about $583,576 during the latest quarter.

Assenagon Asset Management S.A. reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,195 shares of the technology company's stock after selling 56,909 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of SS&C Technologies worth $7,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. AXA S.A. boosted its stake in shares of SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company's stock worth $776,000 after acquiring an additional 130 shares in the last quarter. Private Trust Co. NA raised its stake in shares of SS&C Technologies by 36.0% during the 4th quarter. Private Trust Co. NA now owns 502 shares of the technology company's stock worth $44,000 after buying an additional 133 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company's stock worth $1,510,000 after buying an additional 142 shares during the last quarter. AlphaCore Capital LLC boosted its position in shares of SS&C Technologies by 3.5% in the 4th quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company's stock worth $394,000 after buying an additional 154 shares in the last quarter. Finally, United Community Bank boosted its position in shares of SS&C Technologies by 13.7% in the 4th quarter. United Community Bank now owns 1,285 shares of the technology company's stock worth $112,000 after buying an additional 155 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

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

SS&C Technologies Stock Performance

Shares of SSNC opened at $79.85 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The company's 50 day simple moving average is $69.75 and its 200 day simple moving average is $70.88. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 22.95 and a beta of 1.07. 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 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. SS&C Technologies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. 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. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies's payout ratio is currently 31.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SSNC shares. DA Davidson restated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a report on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SS&C Technologies in a report on Wednesday, August 5th. Jefferies Financial Group lowered their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. JPMorgan Chase & Co. dropped their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Finally, Morgan Stanley cut their price objective on SS&C Technologies from $86.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $93.25.

SS&C Technologies 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.

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