Stock Short Interest Filing: SS&C Tech Holdings Incorporated (NASDAQ:SSNC) Can’t Be More Risky. Short Interest Increased

November 16, 2016 - By Winifred Garcia   ·   0 Comments

Stock Short Interest Filing: SS&C Tech Holdings Incorporated (NASDAQ:SSNC) Can't Be More Risky. Short Interest Increased

The stock of SS&C Tech Holdings Incorporated (NASDAQ:SSNC) registered an increase of 4.33% in short interest. SSNC’s total short interest was 17.24M shares in November as published by FINRA. Its up 4.33% from 16.53 million shares, reported previously. With 1.14M shares average volume, it will take short sellers 15 days to cover their SSNC’s short positions. The short interest to SS&C Tech Holdings Incorporated’s float is 11.88%. About 324,952 shares traded hands. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has risen 5.65% since April 14, 2016 and is uptrending. It has outperformed by 0.96% the S&P500.

SS&C Technologies Holdings, Inc. is a holding company. The company has a market cap of $6.68 billion. The Firm is a well-known provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. It has a 76.13 P/E ratio. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Insitutional Activity: The institutional sentiment increased to 1.57 in 2016 Q2. Its up 0.58, from 0.99 in 2016Q1. The ratio improved, as 22 funds sold all SS&C Technologies Holdings, Inc. shares owned while 52 reduced positions. 39 funds bought stakes while 77 increased positions. They now own 347.31 million shares or 304.00% more from 85.97 million shares in 2016Q1.
Fincl Bank Of Ny Mellon Corp reported 1.02 million shares or 0.01% of all its holdings. Mutual Of America Capital Ltd Company reported 13,284 shares or 0.01% of all its holdings. Legal And General Grp Public Ltd Co, a United Kingdom-based fund reported 13,364 shares. Sei Invests has invested 0% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Credit Suisse Ag accumulated 502,272 shares or 0.02% of the stock. University Of Notre Dame Du Lac, a Indiana-based fund reported 67,490 shares. The Connecticut-based Trexquant Inv Limited Partnership has invested 0.15% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Huntington Bankshares holds 0% or 20 shares in its portfolio. Mark Sheptoff Financial Planning Ltd Liability Corporation last reported 800 shares in the company. Fisher Asset Mngmt Lc owns 20,050 shares or 0% of their US portfolio. Moreover, Grp Inc One Trading Limited Partnership has 0% invested in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 7,304 shares. Cowen Group Inc accumulated 0.02% or 13,000 shares. Gamble Jones Counsel has 57,912 shares for 0.18% of their US portfolio. Checchi Cap Advisers Limited Liability, a California-based fund reported 296 shares. Citigroup Inc holds 0% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 1,192 shares.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Ratings Coverage

Out of 10 analysts covering SS&C Techs (NASDAQ:SSNC), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. SS&C Techs has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Hold” rating and $32 target price in Monday, July 11 report. The firm has “Buy” rating by Jefferies given on Tuesday, March 15. The stock has “Buy” rating given by Zacks on Wednesday, August 5. Sandler O’Neill upgraded SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Monday, July 27 to “Buy” rating. Macquarie Research initiated SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Friday, August 28 with “Neutral” rating. The rating was initiated by Morgan Stanley with “Equal-Weight” on Monday, March 28. Raymond James upgraded SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Tuesday, February 9 to “Outperform” rating. Needham maintained the stock with “Buy” rating in Friday, February 12 report. The firm earned “Overweight” rating on Tuesday, September 27 by Morgan Stanley. Needham maintained SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) rating on Thursday, July 30. Needham has “Buy” rating and $76 price target.

SSNC Company Profile

SS&C Technologies Holdings, Inc. (SS&C Holdings), incorporated on July 26, 2005, is a holding company. The Firm is a well-known provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. The Firm provides its solutions across the globe to over 10,000 clients, principally within the institutional asset and wealth management, alternative investment management, financial advisory and financial institutions vertical markets. In addition, its clients include commercial lenders, real estate investment trusts (REITs), corporate treasury groups, insurance and pension funds, municipal finance groups and real estate property managers.

More recent SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) news were published by: Fool.com which released: “SS&C Technologies Holdings Inc. Banks Another Earnings Beat” on May 06, 2016. Also Prnewswire.com published the news titled: “SS&C Technologies Reports Q3 2016 Results” on October 27, 2016. Prnewswire.com‘s news article titled: “SS&C Releases Second Round of 2016 Product Upgrades” with publication date: October 26, 2016 was also an interesting one.

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By Winifred Garcia


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