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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) 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. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James increased their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its stake in shares of SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after purchasing an additional 123 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after purchasing an additional 137 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock valued at $531,000 after purchasing an additional 139 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $82.34 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies has a one year low of $59.63 and a one year high of $89.73. The company has a 50-day simple moving average of $83.46 and a two-hundred day simple moving average of $77.82. The firm has a market capitalization of $20.30 billion, a PE ratio of 27.45 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, analysts anticipate that SS&C Technologies will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio 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.