SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Down 14.4% in February

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,550,000 shares, a decrease of 14.4% from the February 13th total of 2,980,000 shares. Approximately 1.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSNC. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $97.50.

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Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently modified their holdings of SSNC. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter valued at $39,000. Parkside Financial Bank & Trust boosted its stake 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 worth $40,000 after acquiring an additional 229 shares in the last quarter. True Wealth Design LLC boosted its stake in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the period. Colonial Trust Co SC boosted its stake in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the period. Finally, Financial Perspectives Inc bought a new stake in SS&C Technologies during the 4th quarter valued at approximately $51,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.0 %

SSNC stock traded up $0.01 during midday trading on Friday, hitting $82.35. 3,080,527 shares of the company's stock were exchanged, compared to its average volume of 1,171,732. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 12-month low of $59.63 and a 12-month high of $89.73. The firm has a 50 day moving average price of $83.61 and a 200-day moving average price of $77.90. The stock has a market capitalization of $20.30 billion, a price-to-earnings ratio of 27.45 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. On average, analysts anticipate that SS&C Technologies will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

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.