The stock of SS&C Technologies Holdings Inc. (NASDAQ:SSNC) increased by $0.28 on Wednesday to $55.60, up 0.51 percent. The last five days have seen an average of 1,010,822 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $3.50. The average number of shares traded over the last 20 days was 822,005, while the average volume over the last 50 days totaled 982,836.
SSNC stock appreciated 0.96% since last month. On 09/13/23, the company’s shares reached a one-month low of $54.43. The stock touched a high of $64.52 on 02/09/23, after rallying from a low of $45.25 in 52 weeks. The price of SSNC stock has risen by 6.80% or $3.50 this year, reaching a new high 14 times. Still, the stock price is down -13.83% from the 52-week high.
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Insider Transactions
SSNC stock investors should be aware that SS&C Technologies Holdings Inc. (SSNC) stock had its last reported insider trading activity 6 days ago on Sep 14. On Sep 14, Director BOULANGER NORMAND A sold 60,000 shares at $55.06 each. This transaction resulted in the insider making $3,303,618. On Sep 13, BOULANGER NORMAND A sold 40,000 shares at a price of US$54.61. After the transaction, the insider now owns 340,000 shares. Director BOULANGER NORMAND A had earlier sold 20,000 shares on Sep 12 for $55.19 a share. The transaction was completed for $1,103,772.
Valuation Metrics
SS&C Technologies Holdings Inc. (SSNC) has a trailing price-to-earnings (P/E) ratio of 22.94. Beta for the stock is 1.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.57, the price-to-book (PB) ratio of 2.24, and the price-to-cash flow ratio of 13.46.
Company paid $0.24 per share in dividends, an increase of 20.0% from $0.20 last year. A $0.04 dividend increase was reported on Monday August 21 2023.
Financial Health
For the three months ended June 29, SS&C Technologies Holdings Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.11, and the total debt to equity ratio is 1.12. As far as profitability goes, gross margin for the trailing twelve months is 47.30% percent. SS&C Technologies Holdings Inc.’s EBITDA margin for the year ended June 29 was 34.65%, whereas its operating margin stood at 21.70% for the same period. Based on annual data, it had gross profit of $2.52 billion and revenue of $5.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SSNC’s return on assets (ROA) during the last 12 months has been 3.80%. There was a 6.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.40%.
Earnings Surprise
According to SS&C Technologies Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.36 billion, while revenues rose by 2.49% to $1.36 billion. It was predicted that SS&C Technologies Holdings Inc.’s quarterly earnings would be $1.08, but it ended up being $1.12, beating the consensus by -3.60%. EBITDA was $457.5 million for the quarter. At the end of SS&C Technologies Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 9.63 billion, while its total debt was $7.14 billion. Equity owned by shareholders amounts to $248.09 million.
Technical Picture
Here’s a quick look at SS&C Technologies Holdings Inc.’s (SSNC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 47.27%, suggesting the stock is Neutral, with a 12.45% historical volatility rate.
The stochastic %K and %D were 28.14% and 27.53% respectively, while the average true range (ATR) was 0.79. Based on the 14-day stochastic reading of 30.87%, the RSI (14) reading is 45.33%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at -0.29.
Analyst Ratings
In its analyst report released on March 15, 2023, JP Morgan began covering SS&C Technologies Holdings Inc. (NASDAQ: SSNC). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned SS&C Technologies Holdings Inc. (SSNC) an Overweight rating. SSNC is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is SSNC’s price target for the next 12 months?
The current consensus forecast for the stock is between $55.00 and $72.00, with a median target price of $68.50. In analyzing these forecasts, the average price target given by analysts for SS&C Technologies Holdings Inc. (SSNC) is $66.32.
