SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Sees Large Growth in Short Interest

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) was the target of a large growth in short interest during 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 company's shares are short sold. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 1.9 days.

SS&C Technologies Stock Down 0.3 %

NASDAQ:SSNC traded down $0.23 during mid-day trading on Friday, hitting $76.67. 779,522 shares of the company's stock traded hands, compared to its average volume of 1,204,980. The company has a fifty day moving average of $74.76 and a 200 day moving average of $70.91. 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 twelve month low of $58.79 and a twelve month high of $77.69. The company has a market capitalization of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its 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. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. SS&C Technologies's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. On average, analysts forecast that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

Analysts Set New Price Targets

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

Insider Activity

In other SS&C Technologies news, 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 transaction, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 598,000 shares of company stock valued at $45,704,308 in the last ninety days. Insiders own 15.40% of the company's stock.

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SSNC. Innealta Capital LLC purchased a new stake in SS&C Technologies in the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in SS&C Technologies during the second quarter worth $35,000. Benjamin Edwards Inc. grew its position in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after buying an additional 204 shares during the period. 1620 Investment Advisors Inc. purchased a new position in SS&C Technologies in the second quarter valued at $47,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of SS&C Technologies in the third quarter worth about $68,000. Institutional investors and hedge funds own 96.95% of the company's stock.

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.