SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Up 17.1% in January

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,280,000 shares, an increase of 17.1% from the January 15th total of 2,800,000 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity

In related news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction 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 approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last quarter. 15.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $39,000. Parkside Financial Bank & Trust lifted its position in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $51,000. Rialto Wealth Management LLC purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new stake in SS&C Technologies during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.1 %

Shares of NASDAQ:SSNC opened at $88.66 on Friday. The company has a market capitalization of $21.96 billion, a PE ratio of 29.55 and a beta of 1.38. 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 business has a fifty day moving average price of $78.82 and a two-hundred day moving average price of $75.62. SS&C Technologies has a 1 year low of $59.63 and a 1 year high of $89.25.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts forecast that SS&C Technologies will post 5.26 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, UBS Group upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.