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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,700,000 shares, an increase of 15.9% from the November 15th total of 2,330,000 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 1.9 days.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred 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 directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 468,000 shares of company stock worth $35,904,908. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of SS&C Technologies

A number of institutional investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of SS&C Technologies in the 2nd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies in the 2nd quarter valued at about $35,000. Benjamin Edwards Inc. grew its position in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at $47,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of SS&C Technologies during the 3rd quarter valued at $68,000. Institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SSNC. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Raymond James raised their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Stock Down 0.3 %

SS&C Technologies stock opened at $76.41 on Tuesday. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 27.39 and a beta of 1.38. The company’s 50 day simple moving average is $74.83 and its 200 day simple moving average is $71.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies has a fifty-two week low of $58.79 and a fifty-two week high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. As a group, sell-side analysts anticipate that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

SS&C Technologies Company Profile

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.