SS&C Technologies Holdings Inc (NASDAQ: SSNC) is 23.32% higher on its value in year-to-date trading and has touched a low of $46.61 and a high of $75.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSNC stock was last observed hovering at around $75.53 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $75.36, the stock is 2.04% and 6.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -0.23% at the moment leaves the stock 17.73% off its SMA200. SSNC registered 35.78% gain for a year compared to 6-month gain of 19.32%.
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The stock witnessed a 2.85% loss in the last 1 month and extending the period to 3 months gives it a 21.78%, and is 3.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.57% over the week and 1.48% over the month.
SS&C Technologies Holdings Inc (SSNC) has around 26600 employees, a market worth around $18.49B and $5.66B in sales. Current P/E ratio is 27.28 and Fwd P/E is 13.11. Profit margin for the company is 12.33%. Distance from 52-week low is 61.68% and -0.66% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).
SS&C Technologies Holdings Inc quarterly earnings per share for the current quarter are estimated at 1.26 with sales reaching $1.44B over the same period.The EPS is expected to grow by 12.04% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to grow 5.60% in year-over-year returns.
814.0 institutions hold shares in SS&C Technologies Holdings Inc (SSNC), with institutional investors hold 97.58% of the company’s shares. The shares outstanding are 246.60M, and float is at 212.66M with Short Float at 0.59%. Institutions hold 84.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 25.25 million shares valued at $1.58 billion. The investor’s holdings represent 10.2218 of the SSNC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.92 million shares valued at $1.25 billion to account for 8.0632 of the shares outstanding. The other top investors are JANUS HENDERSON GROUP PLC which holds 15.24 million shares representing 6.1708 and valued at over $955.21 million, while PZENA INVESTMENT MANAGEMENT LLC holds 5.7527 of the shares totaling 14.21 million with a market value of $890.48 million.
SS&C Technologies Holdings Inc (SSNC) Insider Activity
The most recent transaction is an insider sale by BOULANGER NORMAND A, the company’s Director. SEC filings show that BOULANGER NORMAND A sold 130,000 shares of the company’s common stock on Sep 16 ’24 at a price of $75.38 per share for a total of $9.8 million. Following the sale, the insider now owns 0.33 million shares.
Still, SEC filings show that on Aug 21 ’24, Kanwar Rahul (President & COO) disposed off 412,190 shares at an average price of $73.13 for $30.14 million. The insider now directly holds 57,642 shares of SS&C Technologies Holdings Inc (SSNC).
