SS&C Technologies Holdings Inc (NASDAQ: SSNC) is 23.48% higher on its value in year-to-date trading and has touched a low of $56.62 and a high of $77.69 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 $76.12 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $75.46, the stock is -0.06% and 1.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -0.87% at the moment leaves the stock 10.85% off its SMA200. SSNC registered 32.64% gain for a year compared to 6-month gain of 22.26%. The firm has a 50-day simple moving average (SMA 50) of $74.4038 and a 200-day simple moving average (SMA200) of $68.01985.
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The stock witnessed a 1.17% loss in the last 1 month and extending the period to 3 months gives it a 2.76%, and is -1.97% down 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 1.18% over the week and 1.29% over the month.
SS&C Technologies Holdings Inc (SSNC) has around 26600 employees, a market worth around $18.60B and $5.76B in sales. Current P/E ratio is 27.00 and Fwd P/E is 13.12. Profit margin for the company is 12.26%. Distance from 52-week low is 33.28% and -2.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.00%).
The EPS is expected to grow by 12.11% this year.
SS&C Technologies Holdings Inc (SSNC) Top Institutional Holders
906.0 institutions hold shares in SS&C Technologies Holdings Inc (SSNC), with institutional investors hold 97.32% of the company’s shares. The shares outstanding are 247.30M, and float is at 212.37M with Short Float at 1.10%. Institutions hold 84.48% 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 STONE WILLIAM C, the company’s Chairman of the Board & CEO. SEC filings show that STONE WILLIAM C sold 247,300 shares of the company’s common stock on Dec 05 ’24 at a price of $76.61 per share for a total of $18.94 million. Following the sale, the insider now owns 31.84 million shares.
Still, SEC filings show that on Nov 26 ’24, White Jason Douglas (SVP & General Counsel) disposed off 69,000 shares at an average price of $77.07 for $5.32 million. The insider now directly holds 6,412 shares of SS&C Technologies Holdings Inc (SSNC).
