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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,700,000 shares, an increase of 15.9% from the November 15th total of 2,330,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the company’s shares are sold short.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the business’s 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 transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value 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 approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 468,000 shares of company stock valued at $35,904,908 over the last ninety days. 15.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently made changes to their positions in SSNC. Innealta Capital LLC bought a new stake in shares of SS&C Technologies during the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SS&C Technologies in the second quarter worth $35,000. Benjamin Edwards Inc. raised its stake in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in SS&C Technologies during the second quarter valued at $47,000. Finally, Capital Performance Advisors LLP purchased a new stake in SS&C Technologies during the third quarter valued at $68,000. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $0.26 during trading hours on Monday, reaching $76.41. 952,157 shares of the stock traded hands, compared to its average volume of 1,092,379. The company has a market capitalization of $18.93 billion, a P/E ratio of 27.39 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52-week low of $58.79 and a 52-week high of $77.69. The company’s 50-day simple moving average is $74.83 and its two-hundred day simple moving average is $71.02.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. Equities research analysts forecast that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

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 given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

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

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.