Short Interest in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Rises By 26.3%

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the target of a large 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. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SSNC. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James increased 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 note on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Royal Bank of Canada increased 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.69 during trading on Thursday, hitting $79.10. 1,222,683 shares of the company were exchanged, compared to its average volume of 1,194,558. The firm’s fifty day moving average price is $75.81 and its 200 day moving average price is $73.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 28.35 and a beta of 1.37. SS&C Technologies has a 1 year low of $59.18 and a 1 year high of $79.27.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given 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 yield of 1.26%. SS&C Technologies’s payout ratio is 35.84%.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SS&C Technologies

Large investors have recently bought and sold shares of the company. SkyView Investment Advisors LLC boosted its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 196 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of SS&C Technologies by 2.9% in the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after purchasing an additional 198 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of SS&C Technologies by 2.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock worth $446,000 after purchasing an additional 203 shares in the last quarter. Finally, Benjamin Edwards Inc. raised 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 during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

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.