Assenagon Asset Management S.A. acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 502,980 shares of the technology company’s stock, valued at approximately $30,883,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MAI Capital Management boosted its stake in shares of SS&C Technologies by 1.0% during the third quarter. MAI Capital Management now owns 25,965 shares of the technology company’s stock valued at $1,339,000 after purchasing an additional 256 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of SS&C Technologies by 2.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,451 shares of the technology company’s stock valued at $775,000 after acquiring an additional 305 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in SS&C Technologies by 6.2% in the third quarter. Nicolet Bankshares Inc. now owns 5,500 shares of the technology company’s stock valued at $284,000 after buying an additional 320 shares during the last quarter. Park Avenue Securities LLC boosted its position in SS&C Technologies by 8.3% in the third quarter. Park Avenue Securities LLC now owns 4,617 shares of the technology company’s stock valued at $238,000 after buying an additional 354 shares during the last quarter. Finally, Brinker Capital Inc. boosted its position in SS&C Technologies by 1.4% in the third quarter. Brinker Capital Inc. now owns 33,505 shares of the technology company’s stock valued at $1,728,000 after buying an additional 468 shares during the last quarter. 83.15% of the stock is owned by institutional investors.
In other SS&C Technologies news, CEO William C. Stone sold 255,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $58.84, for a total value of $15,004,200.00. Following the sale, the chief executive officer now owns 31,931,624 shares in the company, valued at approximately $1,878,856,756.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 142 shares of company stock worth $8,373. Insiders own 14.50% of the company’s stock.
SS&C Technologies stock traded up $0.09 during mid-day trading on Friday, hitting $63.34. The company had a trading volume of 20,347 shares, compared to its average volume of 1,554,094. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.64. SS&C Technologies Holdings, Inc. has a 12-month low of $42.51 and a 12-month high of $67.73. The company’s fifty day moving average is $60.74 and its 200-day moving average is $54.45. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 2.30 and a beta of 1.31.
SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 3.51 EPS for the current fiscal year.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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