SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Update

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 3,170,000 shares, an increase of 26.3% from the December 15th total of 2,510,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 2.4 days.

SS&C Technologies Stock Down 0.8 %

SS&C Technologies stock traded down $0.60 during mid-day trading on Friday, hitting $78.50. 1,121,347 shares of the company’s stock were exchanged, compared to its average volume of 840,393. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. The stock has a 50 day moving average of $75.98 and a two-hundred day moving average of $73.26. SS&C Technologies has a 1-year low of $59.20 and a 1-year high of $79.59.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $1.04 EPS. SS&C Technologies’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that SS&C Technologies will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Analysts Set New Price Targets

Several research firms have issued reports on SSNC. Raymond James lifted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insider Activity at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 over the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SS&C Technologies

Hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. grew its position in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc increased its holdings in SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of SS&C Technologies in the third quarter valued at about $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $89,000. 96.95% of the stock is owned by institutional investors.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.