SS&C Technologies Holdings Inc (SSNC) recent activity suggests a positive outlook with the last week’s performance of 9.03%

SS&C Technologies Holdings Inc (NASDAQ: SSNC) on Monday, soared 1.90% from the previous trading day, before settling in for the closing price of $72.29. Within the past 52 weeks, SSNC’s price has moved between $46.61 and $73.30.

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Annual sales at Technology sector company grew by 10.63% over the past five years. The company achieved an average annual earnings per share of 12.04%. With a float of $214.61 million, this company’s outstanding shares have now reached $246.60 million.

Let’s look at the performance matrix of the company that is accounted for 26600 employees.

SS&C Technologies Holdings Inc (SSNC) Insider and Institutional Ownership

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SS&C Technologies Holdings Inc is 13.23%, while institutional ownership is 85.91%. The most recent insider transaction that took place on Jun 17 ’24, was worth 453,460. In this transaction Director of this company sold 7,500 shares at a rate of $60.46, taking the stock ownership to the 41,576 shares. Before that another transaction happened on Jun 04 ’24, when Company’s Director sold 10,000 for $61.69, making the entire transaction worth $616,925. This insider now owns 41,576 shares in total.

SS&C Technologies Holdings Inc (SSNC) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 12.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.87% during the next five years compared to 41.30% growth over the previous five years of trading.

SS&C Technologies Holdings Inc (NASDAQ: SSNC) Trading Performance Indicators

SS&C Technologies Holdings Inc (SSNC) is currently performing well based on its current performance indicators. A quick ratio of 1.14 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.22. Likewise, its price to free cash flow for the trailing twelve months is 15.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.76, a number that is poised to hit 1.26 in the next quarter and is forecasted to reach 5.75 in one year’s time.

Technical Analysis of SS&C Technologies Holdings Inc (SSNC)

SS&C Technologies Holdings Inc (NASDAQ: SSNC) saw its 5-day average volume 1.51 million, a positive change from its year-to-date volume of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 83.57%. Additionally, its Average True Range was 1.50.

During the past 100 days, SS&C Technologies Holdings Inc’s (SSNC) raw stochastic average was set at 99.08%, which indicates a significant increase from 98.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.35% in the past 14 days, which was higher than the 18.30% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $63.57, while its 200-day Moving Average is $60.45. Nevertheless, the first resistance level for the watch stands at $74.25 in the near term. At $74.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $75.88. If the price goes on to break the first support level at $72.61, it is likely to go to the next support level at $71.57. The third support level lies at $70.98 if the price breaches the second support level.

SS&C Technologies Holdings Inc (NASDAQ: SSNC) Key Stats

Market capitalization of the company is 18.22 billion based on 247,323K outstanding shares. Right now, sales total 5,503 M and income totals 607,100 K. The company made 1,452 M in profit during its latest quarter, and 190,300 K in sales during its previous quarter.