Allianz Asset Management GmbH Decreases Position in SS&C Technologies Holdings, Inc. $SSNC

Allianz Asset Management GmbH lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 87.4% in the 2nd quarter, according to the company in its most recent 13F 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 quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC raised its stake in SS&C Technologies by 3.0% in the 2nd quarter. Mutual Advisors LLC now owns 5,175 shares of the technology company’s stock worth $441,000 after acquiring an additional 150 shares during the last quarter. Ritholtz Wealth Management raised its stake in SS&C Technologies by 77.1% in the 2nd quarter. Ritholtz Wealth Management now owns 10,782 shares of the technology company’s stock worth $893,000 after acquiring an additional 4,693 shares during the last quarter. J.Safra Asset Management Corp raised its stake in SS&C Technologies by 10.3% in the 2nd quarter. J.Safra Asset Management Corp now owns 3,620 shares of the technology company’s stock worth $296,000 after acquiring an additional 337 shares during the last quarter. Bayforest Capital Ltd raised its stake in SS&C Technologies by 26.6% in the 2nd quarter. Bayforest Capital Ltd now owns 1,237 shares of the technology company’s stock worth $102,000 after acquiring an additional 260 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in SS&C Technologies by 1.6% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 32,849 shares of the technology company’s stock worth $2,720,000 after acquiring an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $84.63 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $20.67 billion, a PE ratio of 25.11 and a beta of 1.23. The stock’s 50-day moving average price is $86.86 and its 200-day moving average price is $82.84.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 19.92% and a net margin of 13.86%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $1.27 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS 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. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.1%. SS&C Technologies’s payout ratio is 32.05%.

Analyst Ratings Changes

SSNC has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank Of Canada lifted their price objective on SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday. DA Davidson set a $102.00 price objective on SS&C Technologies in a research note on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, SS&C Technologies 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.