The Market Myopia Regarding SS&C Technologies Holdings, Inc. (SSNC)

The stock of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been Downgraded to Neutral from Buy by DA Davidson in its latest research note that was published on July 30. Needham analysts again handed out a Strong Buy rating to SSNC stock but they lifted target price for the shares in a flash note to investors on May 01. The price target has been raised from $75 to $77. Analysts at Jefferies downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to May 01.

SS&C’s stock is covered by 13 analysts, with 6 of them rating the stock as Buy. It has been deemed to have strong buy by 5 of the analysts, 2 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 7 analysts. 6 of them rated it as strong buy with 2 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that SSNC has an average analyst rating of 1.69.

SS&C Technologies Holdings, Inc., which has current market capitalization of above $11 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $1150 million in revenue. This figure is $2.97 million more than what analysts had expected which was $1152.97 million. During the first quarter of the year, SS&C also recorded $0.91 earnings per share (EPS) which is $0.04 above the $0.87 estimated by Thomson Reuter’s analyst, leading to a surprise factor of 4.18%.

SSNC surged by $0.02 during the normal trading session on Monday and reaching a high of $45.97 during the day while it closed the day at $44.21. The SS&C stock had a high trading volume of 2.31 million shares on that day, which is high compared to the average daily volume of 1.76M shares. SSNC has also gained 1.19% of its value over the past 7 days. However, the stock has declined by 21.90% in the 3 months of the year. Over the past six months meanwhile, it has lost 17.73% while it has lost 2.00% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -27.42% from its 3 months high price. However, taking another look at SSNC will indicate that it is trading +4% away from its 90-day low. Looking at the bigger picture, the SS&C Technologies Holdings, Inc. stock has dropped by -34.73% from its 52-week high while it has surged by +7.93% from its 52-week low price.

On August 01, 2019 MICHAEL JONATHAN E, Director bought 2000 shares of the company. The average price for that transaction was $48.11 per share, which meant that MICHAEL JONATHAN E spent $96220 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP,Global Head of M&A and CLO, Frank Joseph J. purchasing 4 shares of this stock on June 18, 2019. The average purchasing price for the stock was $58.51 per share, with the purchased stock accruing $234.04. Following this transaction, the SVP,Global Head of M&A and CLO Frank Joseph J. now holds 9910 shares of the company, which is worth around $455364.5.

SS&C has around 137 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The SS&C stock is bringing in revenue of over 12 months, which is roughly 649 Billion. Despite all that, SS&C Technologies Holdings, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 7.56%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 9.24%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 9.24%. Over the past 20 days, SS&C’s Stochastic %K stood at 15.89% while its Stochastic %D was revealed to be 13.94%.