SS&C Technologies Holdings Inc (NASDAQ: SSNC)’s stock price has plunge by 1.43relation to previous closing price of 54.40. Nevertheless, the company has seen a 5.31% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-03 that The SPDR S&P 500 ETF posted its third consecutive losing month in October, the first time this has happened since I started tracking this series in September 2020. The top 15 dividend growth stocks for November offer an average dividend yield of 1.90% and appear to be about 40% undervalued based on dividend yield theory. Since inception, September 2020, the watchlist is outperforming VIG by 1.49% and SPY by 1.18%, on an annualized basis.
Is It Worth Investing in SS&C Technologies Holdings Inc (NASDAQ: SSNC) Right Now?
SS&C Technologies Holdings Inc (NASDAQ: SSNC) has a higher price-to-earnings ratio of 22.74x compared to its average ratio, and the 36-month beta value for SSNC is at 1.41. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price suggested by analysts for SSNC is $62.85, which is $7.67 above the current market price. The public float for SSNC is 214.77M, and currently, shorts hold a 1.01% of that float. The average trading volume for SSNC on November 16, 2023 was 1.01M shares.
SSNC’s Market Performance
SSNC stock saw an increase of 5.31% in the past week, with a monthly gain of 5.65% and a quarterly increase of 0.97%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 2.17% for SS&C Technologies Holdings Inc (SSNC). The simple moving average for the last 20 days is 8.02% for SSNC stock, with a simple moving average of -2.21% for the last 200 days.
Analysts’ Opinion of SSNC
Many brokerage firms have already submitted their reports for SSNC stocks, with UBS repeating the rating for SSNC by listing it as a “Buy.” The predicted price for SSNC in the upcoming period, according to UBS is $72 based on the research report published on November 07, 2023 of the current year 2023.
SSNC Trading at 5.08% from the 50-Day Moving Average
After a stumble in the market that brought SSNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.48% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +8.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.31% lower at present.
During the last 5 trading sessions, SSNC rose by +5.31%, which changed the moving average for the period of 200-days by -8.57% in comparison to the 20-day moving average, which settled at $51.30. In addition, SS&C Technologies Holdings Inc saw 5.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SSNC starting from BOULANGER NORMAND A, who sale 60,000 shares at the price of $55.06 back on Sep 14. After this action, BOULANGER NORMAND A now owns 280,000 shares of SS&C Technologies Holdings Inc, valued at $3,303,618 using the latest closing price.
BOULANGER NORMAND A, the Director of SS&C Technologies Holdings Inc, sale 40,000 shares at $54.61 during a trade that took place back on Sep 13, which means that BOULANGER NORMAND A is holding 340,000 shares at $2,184,492 based on the most recent closing price.
Stock Fundamentals for SSNC
Current profitability levels for the company are sitting at:
- +21.94 for the present operating margin
- +46.31 for the gross margin
The net margin for SS&C Technologies Holdings Inc stands at +12.31. The total capital return value is set at 8.96, while invested capital returns managed to touch 5.07. Equity return is now at value 10.45, with 3.80 for asset returns.
Based on SS&C Technologies Holdings Inc (SSNC), the company’s capital structure generated 121.05 points at debt to equity in total, while total debt to capital is 54.76. Total debt to assets is 43.93, with long-term debt to equity ratio resting at 120.13. Finally, the long-term debt to capital ratio is 54.34.
When we switch over and look at the enterprise to sales, we see a ratio of 3.58, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 5.92 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, SS&C Technologies Holdings Inc (SSNC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.