SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 87.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,175 shares of the technology company’s stock after selling 271,007 shares during the period. Allianz Asset Management GmbH’s holdings in SS&C Technologies were worth $3,244,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock worth $28,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in SS&C Technologies in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies in the 1st quarter worth about $29,000. Elequin Capital LP acquired a new stake in SS&C Technologies in the 1st quarter worth about $30,000. Finally, SVB Wealth LLC acquired a new stake in SS&C Technologies in the 1st quarter worth about $33,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 4.6%

SSNC stock opened at $84.63 on Friday. The firm has a market cap of $20.67 billion, a PE ratio of 25.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $86.86 and its 200-day moving average price is $82.84. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 5.1%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio is presently 32.05%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent research reports. Royal Bank Of Canada boosted their target price on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley boosted their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group boosted their target price on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC boosted their target price on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

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.