SS&C Technologies Holdings Inc (NASDAQ: SSNC) has seen a rise in its stock price by 0.38 in relation to its previous close of 60.24. However, the company has experienced a -1.74% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-18 that SS&C Technologies provides financial services and healthcare technology solutions to investment firms, banks, and healthcare organizations. Despite recent volatility, the company has strong fundamentals, profitability, and disciplined debt management. SS&C has seen declining earnings as of late, but some tailwinds may help maintain top-line growth with margin expansion in 2024.
Is It Worth Investing in SS&C Technologies Holdings Inc (NASDAQ: SSNC) Right Now?
SS&C Technologies Holdings Inc (NASDAQ: SSNC) has a price-to-earnings ratio that is above its average at 25.32x. The stock has a 36-month beta value of 1.42. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SSNC is 214.43M, and at present, short sellers hold a 0.75% of that float. On April 19, 2024, the average trading volume of SSNC was 977.00K shares.
SSNC’s Market Performance
SSNC’s stock has seen a -1.74% decrease for the week, with a -4.26% drop in the past month and a 0.92% gain in the past quarter. The volatility ratio for the week is 2.15%, and the volatility levels for the past 30 days are at 1.47% for SS&C Technologies Holdings Inc The simple moving average for the past 20 days is -3.67% for SSNC’s stock, with a 3.93% simple moving average for the past 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 previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see SSNC reach a price target of $68. The rating they have provided for SSNC stocks is “Overweight” according to the report published on March 15th, 2023.
SSNC Trading at -3.66% 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 -8.18% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -5.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.43% lower at present.
During the last 5 trading sessions, SSNC fell by -1.74%, which changed the moving average for the period of 200-days by -0.05% in comparison to the 20-day moving average, which settled at $62.61. In addition, SS&C Technologies Holdings Inc saw -1.05% in overturn over a single year, with a tendency to cut further losses.
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 ’23. 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 ’23, 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:
- 0.22 for the present operating margin
- 0.48 for the gross margin
The net margin for SS&C Technologies Holdings Inc stands at 0.11. The total capital return value is set at 0.08. Equity return is now at value 9.80, with 3.49 for asset returns.
Based on SS&C Technologies Holdings Inc (SSNC), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 2.57.
Currently, EBITDA for the company is 1.91 billion with net debt to EBITDA at 2.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 6.2for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, SS&C Technologies Holdings Inc (SSNC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
