SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Short Interest Down 23.0% in April

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

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of recent analyst reports. TheStreet raised 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 target on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. UBS Group lifted their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Truist Financial upped their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Finally, Citigroup raised their price target on SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

SS&C Technologies Stock Up 1.1 %

NASDAQ SSNC traded up $0.68 on Monday, hitting $61.92. 1,154,638 shares of the stock were exchanged, compared to its average volume of 970,802. SS&C Technologies has a fifty-two week low of $46.61 and a fifty-two week high of $65.86. The company has a 50-day moving average price of $62.78 and a 200-day moving average price of $59.24. The company has a market cap of $15.31 billion, a PE ratio of 24.67 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. Sell-side analysts anticipate that SS&C Technologies will post 4.61 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Institutional Investors Weigh In On SS&C Technologies

Several large investors have recently modified their holdings of the company. Pzena Investment Management LLC grew 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 worth $884,438,000 after buying an additional 243,444 shares during the last quarter. Boston Partners grew its stake in shares of 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 purchasing an additional 435,377 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of SS&C Technologies by 0.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after purchasing an additional 44,764 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of SS&C Technologies by 2.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock worth $288,243,000 after purchasing an additional 101,948 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of SS&C Technologies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock worth $236,603,000 after purchasing an additional 56,002 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

About SS&C Technologies

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.