SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Up 15.9% in November

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the recipient of a large increase in short interest during 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 company’s shares are sold short. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated 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 hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 598,000 shares of company stock worth $45,704,308. 15.40% of the stock is currently owned by insiders.

Institutional Trading of SS&C Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in SS&C Technologies by 49.2% during the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock worth $213,070,000 after acquiring an additional 1,120,961 shares during the period. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the period. AQR Capital Management LLC grew its holdings in SS&C Technologies by 82.1% during the second quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock worth $78,900,000 after acquiring an additional 571,334 shares during the period. Point72 Asset Management L.P. grew its holdings in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after acquiring an additional 424,487 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in SS&C Technologies by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock worth $168,995,000 after acquiring an additional 349,911 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 0.3 %

NASDAQ SSNC opened at $76.67 on Friday. SS&C Technologies has a 52 week low of $58.79 and a 52 week high of $77.69. 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 business’s fifty day simple moving average is $74.76 and its 200-day simple moving average is $70.84. The firm has a market cap of $18.99 billion, a PE ratio of 27.48 and a beta of 1.38.

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

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies’s dividend payout ratio is presently 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.