SS&C Technologies Holdings, Inc. (SSNC) Failing To Spot These Facts

On a downside, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is likely to find some support, which begins at $48.16. On the upside, the stock will test short term resistance at around $49.9. The failure to get near-term support could push it to $47.34. Its 50 day simple moving average (SMA 50) price is $50.55 and its 200-day simple moving average (SMA 200) price is $52.13. The company’s stock currently has a total float of 208.18M shares. Its weekly volatility is hovering around 3.26% and felt 3.66% volatility in price over a month.

SSNC stock has been range bound between the range of $48.26 and $48.26 during the whole day. The stock finished Monday at $48.98. The 1.72% uptrend helped its market value to reach at $11.86B. The price went up as high as $48.26 before retreating. Trading activity significantly improved as the volume at ready counter increased to 6,368,040 shares versus 2,230,920 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,688,006 shares. The stock is now 23.28% above against its bear-market low of $39.73 on December 27, 2017. It has retreated -24.48% since it’s 52-week high of $60.97 reached in August. Now the market price is up 19.55% on the year and up 21% YTD.

Separately, it has been reported that multiple insider activity took place at SS&C Technologies Holdings, Inc. (SSNC). Director Michael Jonathan E acquired 10,000 shares for $59,143 in transaction occurred on 2018/11/20. After making this transaction, the Director owns a direct stake of 445,800 shares, worth $2,896,824, as per the last closing price. On 2018/11/15 Zamkow Michael Jay, Director at SSNC, purchased 22,100 shares at an average price of $47.53 per share. The new stake is valued at $3,397,988.

Director, Conjeevaram Smita had invested in 3,000 shares for $3,000 through a trade on 2018/11/12. Following this activity, the insider holds 145,560 shares worth $146,940 as of recent close. Wall Street’s most bullish SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) analysts are predicting the share price to blow past $74 per share during the next 12 months. The current median share price forecast by them is $65, suggesting that the stock could increase 32.71% in that time frame. The average price target of $65.15 calls for a nearly 33.01% increase in the stock price.

It had seen a positive analyst call from Deutsche Bank, which upgraded the stock from Hold to Buy on September 10. Analysts at DA Davidson, shed their positive views on September 07 by lowering it fromBuy to Neutral. Analysts at JP Morgan, made their first call about the stock on August 01, recommending it is Overweight. Citigroup, released new analyst coverage on June 12, calling the stock is Buy.

When looking at valuations, SS&C Technologies Holdings, Inc. (SSNC) has a pricey P/E of 90.2x as compared to industry average of 39.5x. Moreover, it trades for 14.15 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.78x price/book and 4.32x price/sales. Compared to others, SS&C Technologies Holdings, Inc. is in a different league with regards to profitability, having net margins of 7.6%. To put some perspective around this, the industry’s average net margin is 9.11%. SSNC’s ROE is 6%, which is also considerably better than the industry’s ROE of -122.57%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 1.58.

Shares of SS&C Technologies Holdings, Inc. (SSNC) have dropped -21.7% since the company’s last earnings report. Over the past 12 fiscal quarters, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 1 occasion EPS met analyst expectations. SSNC last reported earnings on October 31, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.79 per share, -87.54% change on the same period last year. That was better than consensus for $0.74. Revenue for the recent quarter stood at $1 billion, up 139% on last year and below the $1 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.08 billion to $1.13 billion, which should be compared with $458.39 million generated last year. EPS is seen in a range of $0.69 to $0.88, against the $0.58 reported a year ago.