SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Sees Large Growth in Short Interest

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 3,280,000 shares, an increase of 17.1% from the January 15th total of 2,800,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.5% of the company’s stock are sold short.

Analysts Set New Price Targets

SSNC has been the topic of a number of recent analyst reports. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Stock Up 0.1 %

SSNC stock opened at $88.66 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $21.96 billion, a PE ratio of 29.55 and a beta of 1.38. SS&C Technologies has a twelve month low of $59.63 and a twelve month high of $89.25. The stock has a 50-day simple moving average of $78.82 and a two-hundred day simple moving average of $75.64.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts predict that SS&C Technologies will post 5.26 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is presently 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,000 shares of company stock worth $34,461,478. Corporate insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust grew its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company 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.