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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the recipient of a large increase in short interest in the month of 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. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.5% of the shares of the company are sold short.

Analyst Ratings Changes

SSNC has been the topic of a number of analyst reports. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Raymond James boosted their target price on 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. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Buying and Selling

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 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 $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 in the last 90 days. Company insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in SS&C Technologies by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,009 shares of the technology company’s stock worth $3,638,000 after purchasing an additional 1,727 shares during the period. SG Americas Securities LLC acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $322,000. Davis Capital Management lifted its holdings in shares of SS&C Technologies by 28.7% in the 4th quarter. Davis Capital Management now owns 8,532 shares of the technology company’s stock worth $647,000 after purchasing an additional 1,904 shares during the last quarter. ZWJ Investment Counsel Inc. grew its stake in SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after buying an additional 11,077 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in SS&C Technologies in the fourth quarter worth $242,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Down 0.8 %

Shares of NASDAQ:SSNC traded down $0.60 during trading on Friday, reaching $78.50. The stock had a trading volume of 1,121,347 shares, compared to its average volume of 840,393. SS&C Technologies has a fifty-two week low of $59.20 and a fifty-two week high of $79.59. The business has a fifty day moving average price of $75.98 and a 200-day moving average price of $73.26. The stock has a market cap of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company posted $1.04 earnings per share. 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 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid 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 1.27%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

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.