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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) was the target of a significant decline in short interest during 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 trading volume, of 967,800 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the company's stock are short sold.

SS&C Technologies Price Performance

SSNC traded down $0.07 on Friday, reaching $61.24. The company had a trading volume of 1,583,612 shares, compared to its average volume of 961,173. The company has a fifty day moving average of $62.78 and a 200-day moving average of $59.19. The company has a market capitalization of $15.14 billion, a P/E ratio of 24.40 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. As a group, equities research analysts anticipate that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies's payout ratio is 38.25%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSNC. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, January 29th. Truist Financial lifted their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. TheStreet raised shares of SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Finally, UBS Group boosted their price target 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.22.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SSNC. Headinvest LLC acquired a new stake in SS&C Technologies in the 3rd quarter valued at about $26,000. ST Germain D J Co. Inc. purchased a new stake in SS&C Technologies during the first quarter valued at about $27,000. Operose Advisors LLC purchased a new stake in SS&C Technologies during the third quarter valued at about $34,000. Denali Advisors LLC purchased a new stake in SS&C Technologies during the first quarter valued at about $51,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in SS&C Technologies during the third quarter valued at about $53,000. 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.