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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) saw a significant 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 shares of the stock are sold short. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 1.9 days.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction that occurred on 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 transaction, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 598,000 shares of company stock valued at $45,704,308. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Several institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of SS&C Technologies by 0.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company’s stock worth $488,746,000 after purchasing an additional 53,080 shares during the last quarter. State Street Corp increased its stake in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in SS&C Technologies by 4.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares during the period. Finally, FMR LLC boosted its holdings in SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price 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. Raymond James boosted their price objective 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. Finally, DA Davidson reissued a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Down 0.3 %

NASDAQ:SSNC opened at $76.67 on Friday. The business’s fifty day moving average price is $74.76 and its 200 day moving average price is $70.84. SS&C Technologies has a 1-year low of $58.79 and a 1-year high of $77.69. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 27.48 and a beta of 1.38. 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 (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, sell-side analysts forecast that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

SS&C Technologies Company Profile

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.