SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Update

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,420,000 shares, a decline of 24.5% from the February 29th total of 1,880,000 shares. Based on an average daily volume of 907,800 shares, the short-interest ratio is currently 1.6 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of SS&C Technologies by 1.7% during the second quarter. BlackRock Inc. now owns 26,142,163 shares of the technology company’s stock valued at $1,584,215,000 after acquiring an additional 443,827 shares during the period. Vanguard Group Inc. raised its holdings in shares of SS&C Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 20,029,098 shares of the technology company’s stock valued at $1,502,583,000 after acquiring an additional 266,741 shares during the period. Pzena Investment Management LLC raised its holdings in shares of SS&C Technologies by 1.7% during the fourth quarter. Pzena Investment Management LLC now owns 14,472,892 shares of the technology company’s stock valued at $884,438,000 after acquiring an additional 243,444 shares during the period. Boston Partners increased its stake in SS&C Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock valued at $455,894,000 after buying an additional 435,377 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in SS&C Technologies by 0.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after buying an additional 44,764 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Down 0.3 %

SSNC stock opened at $64.37 on Friday. SS&C Technologies has a 12 month low of $46.61 and a 12 month high of $65.86. The firm has a market cap of $15.91 billion, a PE ratio of 27.05 and a beta of 1.43. The firm has a 50 day simple moving average of $62.62 and a 200 day simple moving average of $57.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts forecast that SS&C Technologies will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.49%. SS&C Technologies’s dividend payout ratio is currently 40.34%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SSNC. Citigroup boosted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial upped their target price on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group upped their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.44.

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.