SS&C Technologies Holdings Inc. (NASDAQ:SSNC) finished Thursday with a subtraction of -$1.48 to close at $49.58, a downside of -2.91 percent. An average of 1,174,397 shares of common stock have been traded in the last five days. There was a fall of -$3.45 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,476,239 shares traded, while the 50-day average volume stands at 1,477,396.
SSNC stock has decreased by -13.09% in the last month. The company shares reached their 1-month lowest point of $49.58 on 09/23/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $50.93 and a high of $84.85 in 52 weeks. It has reached a new high 6 times so far this year and lost -37.72% or -$32.38 in price. In spite of this, the price is down -41.57% from the 52-week high.
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42 days have passed since SS&C Technologies Holdings Inc. (SSNC) last reported insider trading activity. Kanwar Rahul, who is President & COO, most recently acquired $73,232 shares at $62.50 per share on Aug 12. In this transaction, the insider spent $4,577,146. President & COO, Kanwar Rahul, disposed of 46,700 shares at a price of $63.06 on Aug 11. The insider now owns more than $2,944,902 worth of shares. Prior to that, President & COO Kanwar Rahul went on to Sale 80,068 shares at $62.56 each on Aug 10. An amount of $5,008,934 was transacted.
SS&C Technologies Holdings Inc. (SSNC) has a trailing price-to-earnings (P/E) ratio of 18.96. The stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.54, the price-to-book (PB) ratio at 2.15, and the price-to-cash flow ratio at 12.36.
The company has a payout ratio of 27.00%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest decrease dividend $0.0426 reported on Thursday February 17 2022.
The quick ratio of SS&C Technologies Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 1.20 for the quarter ending June 29. Its gross profit as reported stood at $2.41 billion compared to revenue of $5.05 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SS&C Technologies Holdings Inc.’s return on assets was 4.10%.
For the three-month period that ended June 29, SS&C Technologies Holdings Inc. had $7.23 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $110.6 million in the quarter, while revenues of $172.1 million were shrunk -71.61%. The analyst consensus anticipated SS&C Technologies Holdings Inc.’s latest quarter earnings to come in at $1.18 per share, but it turned out to be $1.09, a -7.60% surprise. For the quarter, EBITDA amounted to $413.5 million. Shareholders own equity worth $255.03 million.
From a technical analysis perspective, let’s take a brief look at SS&C Technologies Holdings Inc. (SSNC) price momentum. RSI 9-day as of the close on 22 September was 14.02%, suggesting the stock is oversold, with historical volatility in this time frame at 17.82%.
As of today, SSNC’s price is $51.50 -6.50% or -$3.45 from its 5-day moving average. SSNC is currently trading -15.90% lower than its 20-day SMA and -23.39% lower than its 100-day SMA. However, the stock’s current price level is -14.44% below the SMA50 and -36.78% below the SMA200.
The stochastic %K and %D were 0.90% and 3.61%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 0.24% and the average true range at 1.29, the RSI (14) stands at 20.67%. The stock has reached -1.69 on the 9-day MACD Oscillator while the 14-day reading was at -3.09.
The consensus rating for SS&C Technologies Holdings Inc. (SSNC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SSNC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is SSNC’s price target for the next 12 months?
Analysts predict a range of price targets between $65.00 and $83.58, with a median target of $77.00. Taking a look at these predictions, the average price target given by analysts for SS&C Technologies Holdings Inc. (SSNC) stock is $76.46.