SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Up 14.4% in November
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,230,000 shares, an increase of 14.4% from the November 15th total of 1,950,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the shares of the company are sold short.
Analyst Ratings Changes
A number of research firms have recently issued reports on SSNC. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 9th. UBS Group began coverage on SS&C Technologies in a report on Tuesday, November 7th. They issued a “buy” rating and a $72.00 target price on the stock. Morgan Stanley dropped their target price on SS&C Technologies from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. TheStreet lowered SS&C Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, September 13th. Finally, Needham & Company LLC dropped their target price on SS&C Technologies from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $67.75.
Read Our Latest Analysis on SS&C Technologies
Institutional Trading of SS&C Technologies
Several institutional investors and hedge funds have recently made changes to their positions in SSNC. American Century Companies Inc. lifted its position in shares of SS&C Technologies by 18.1% in the first quarter. American Century Companies Inc. now owns 4,476 shares of the technology company’s stock valued at $335,000 after acquiring an additional 685 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of SS&C Technologies by 19.1% in the first quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company’s stock valued at $270,000 after acquiring an additional 577 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of SS&C Technologies in the first quarter valued at $336,000. Rhumbline Advisers lifted its position in shares of SS&C Technologies by 13.0% in the first quarter. Rhumbline Advisers now owns 210,330 shares of the technology company’s stock valued at $15,779,000 after acquiring an additional 24,230 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of SS&C Technologies by 10.6% in the first quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company’s stock valued at $359,000 after acquiring an additional 460 shares in the last quarter. 82.17% of the stock is currently owned by hedge funds and other institutional investors.
SS&C Technologies Price Performance
SS&C Technologies stock traded down $0.47 during trading hours on Friday, hitting $60.15. The stock had a trading volume of 1,754,191 shares, compared to its average volume of 1,164,706. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 24.86 and a beta of 1.42. SS&C Technologies has a 1-year low of $46.61 and a 1-year high of $64.52. The stock’s fifty day moving average is $53.83 and its two-hundred day moving average is $56.02.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Thursday, October 26th. The technology company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.03). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. SS&C Technologies had a net margin of 11.42% and a return on equity of 16.77%. As a group, analysts predict that SS&C Technologies will post 4.17 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is 39.67%.
SS&C Technologies Company Profile (Get Free Report)
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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.
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