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

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

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $2,032,970.00. Following the completion of the sale, the director now 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. 15.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SSNC. Boston Partners boosted its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after acquiring an additional 3,901,227 shares in the last quarter. Norges Bank purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at about $205,475,000. Bank of America Corp DE lifted its holdings in shares of SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company’s stock valued at $169,379,000 after purchasing an additional 880,058 shares during the last quarter. Senator Investment Group LP boosted its position in shares of SS&C Technologies by 133.7% in the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company’s stock valued at $115,123,000 after purchasing an additional 869,175 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of SS&C Technologies by 5.4% in the 3rd 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. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 1.3 %

SSNC opened at $82.85 on Thursday. SS&C Technologies has a 12 month low of $59.63 and a 12 month high of $89.73. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 27.62 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average price of $83.33 and a 200 day moving average price of $77.79.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results 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 return on equity of 18.30% and a net margin of 12.93%. Sell-side analysts expect that SS&C Technologies will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 is currently 33.33%.

Analysts Set New Price Targets

A number of research firms have commented on SSNC. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Raymond James lifted their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Five research 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $97.50.

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.