SSNC Stock Summary and Trading Ideas (Ss&C Techs Hldgs | NASDAQ:SSNC)

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C completed the acquisition of Blue Prism.

Ss&C Techs Hldgs trades on the NASDAQ stock market under the symbol SSNC.

As of April 19, 2024, SSNC stock price climbed to $60.82 with 727,280 million shares trading.

SSNC has a beta of 1.28, meaning it tends to be more sensitive to market movements. SSNC has a correlation of 0.52 to the broad based SPY ETF.

SSNC has a market cap of $15.04 billion. This is considered a Large Cap stock.

Last quarter Ss&C Techs Hldgs reported $1 billion in Revenue and $1.26 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.02.

In the last 3 years, SSNC stock traded as high as $84.85 and as low as $45.25.

The top ETF exchange traded funds that SSNC belongs to (by Net Assets): VTI, VO, VXF, VTV, VOE.

SSNC has underperformed the market in the last year with a return of +6.9%, while the SPY ETF gained +21.2%. In the last 3 month period, SSNC fell short of the market, returning +1.9%, while SPY returned +4.3%. However, in the most recent 2 weeks SSNC has outperformed the stock market by returning -2.8%, while SPY returned -3.5%.

SSNC support price is $59.77 and resistance is $61.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSNC stock will trade within this expected range on the day.