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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,240,000 shares, a drop of 23.0% from the March 31st total of 1,610,000 shares. Based on an average daily volume of 967,800 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are sold short.

SS&C Technologies Price Performance

NASDAQ SSNC traded down $0.03 during trading on Tuesday, reaching $61.89. 1,186,755 shares of the company traded hands, compared to its average volume of 973,403. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $62.75 and its two-hundred day moving average price is $59.31. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 24.66 and a beta of 1.43. SS&C Technologies has a 1-year low of $46.61 and a 1-year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. As a group, analysts anticipate that SS&C Technologies will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is currently 38.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Needham & Company LLC raised their price target on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday. UBS Group lifted their target price on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Three 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SSNC. CWM LLC raised its stake in shares of SS&C Technologies by 20.2% in the third quarter. CWM LLC now owns 2,859 shares of the technology company’s stock valued at $150,000 after acquiring an additional 481 shares during the last quarter. Asset Management One Co. Ltd. raised its position in SS&C Technologies by 5.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 90,728 shares of the technology company’s stock worth $4,767,000 after purchasing an additional 5,014 shares during the last quarter. Handelsbanken Fonder AB raised its position in SS&C Technologies by 6.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 162,321 shares of the technology company’s stock worth $8,528,000 after purchasing an additional 10,201 shares during the last quarter. Copeland Capital Management LLC raised its position in SS&C Technologies by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 3,586 shares of the technology company’s stock worth $188,000 after purchasing an additional 635 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in SS&C Technologies by 25.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 133,067 shares of the technology company’s stock worth $6,991,000 after purchasing an additional 26,800 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

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.