By otakuyassine3@gmail.com 
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,700,000 shares, a growth of 15.9% from the November 15th total of 2,330,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 1.9 days.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on SSNC shares. DA Davidson restated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. StockNews.com cut 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 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, Raymond James increased their target price on 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. Two equities research 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 a consensus price target of $77.75.
Get Our Latest Stock Analysis on SSNC
Insider Buying and Selling
In other news, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,443,430.00. Following the completion of the sale, the director now directly owns 22,576 shares in the company, 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. Over the last quarter, insiders have sold 468,000 shares of company stock valued at $35,904,908. 15.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of SS&C Technologies by 111.4% during the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company’s stock valued at $6,523,000 after purchasing an additional 46,323 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SS&C Technologies during the third quarter valued at about $2,326,000. Sanctuary Advisors LLC boosted its stake in shares of SS&C Technologies by 7.4% during the third quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company’s stock valued at $2,541,000 after purchasing an additional 2,287 shares in the last quarter. Boyar Asset Management Inc. acquired a new stake in shares of SS&C Technologies during the third quarter valued at about $1,334,000. Finally, SkyView Investment Advisors LLC boosted its stake in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.
SS&C Technologies Price Performance
Shares of NASDAQ SSNC traded down $0.26 during mid-day trading on Monday, reaching $76.41. The company had a trading volume of 952,157 shares, compared to its average volume of 1,092,379. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies has a one year low of $58.79 and a one year high of $77.69. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 27.39 and a beta of 1.38. The business’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $71.02.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $1.04 earnings per share. SS&C Technologies’s revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, December 2nd. 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.
Further Reading
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