SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is at least 21.92% than its current record low price of $40.96. There was a -16.33% decline on 7/30/2019 that led the price to move at $49.94. At a recent session, the prices were hovering between $47 and $50.92. This company shares are 46.34% off its target price of $73.08 and the current market capitalization stands at $12.33B. The recent change has given its price a -13.65% deficit over SMA 50 and -26.27% deficit over its 52-week high. The stock witnessed -13.31% declines, -26.19% declines and -0.16% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SSNC’s volatility during a week at 3.32% and during a month it has been found around 2.11%.
What Does SS&C Technologies Holdings, Inc. (SSNC) Do?
The company describes itself in regulatory filings as, “SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions. Its portfolio of products provides functions including trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, performance measurement, reconciliation, reporting, processing and clearing. It also caters to the institutional asset and wealth management, alternative investment management, financial advisory, and financial institutions vertical markets. The firm’s services include managed, professional, technology & operations outsourcing and fund administration services. The company was founded by William Charles Stone in February 1986 and is headquartered in Windsor, CT.” [Text can be found here: https://www.marketwatch.com/investing/stock/SSNC/profile under company description.]SS&C Technologies Holdings, Inc. (SSNC) Top Holders
Institutional investors currently hold around $12.71 billion or 85.8% in SSNC stock. Look at its top three institutional owners: Wellington Management Group Llp owns $1.32 billion in SS&C Technologies Holdings, Inc., which represents roughly 10.72% of the company’s market cap and approximately 10.41% of the institutional ownership. Similar statistics are true for the second largest owner, Janus Henderson Group Plc, which owns 19,743,165 shares of the stock are valued at $1.18 billion. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $1.16 billion worth of this stock and that ownership represents nearly 9.4% of its market capitalization.
At the end of March reporting period, 250 institutional holders increased their position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by some 18,934,898 shares, 191 decreased positions by 19,275,688 and 42 held positions by 174,695,156. That puts total institutional holdings at 212,905,742 shares, according to SEC filings. The stock grabbed 83 new institutional investments totaling 6,872,598 shares while 49 institutional investors sold out their entire positions totaling 5,452,163 shares.SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Insider Trades
Multiple company employees have indulged in significant insider trading. SS&C Technologies Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP,Global Head of M&A and CLO Frank Joseph J. has acquired 4 shares of SS&C Technologies Holdings, Inc. (SSNC) in the trading session dated Jun. 18, 2019. These shares are worth $234 and were traded at $58.51 each. The SEC filing shows that Frank Joseph J. performed a sale of 10,141 shares. The SVP,Global Head of M&A and CLO disposed these shares by way of transaction on May. 16, 2019. The company’s shares were given away at $59.89 per share worth to an income of some $607,344 to the account of Frank Joseph J..
Director, MICHAEL JONATHAN E, purchased 93 common shares of SS&C Technologies Holdings, Inc. (SSNC) in the open market. In a transaction dated May. 06, 2019, the shares were bought at an average price of $59.05, giving away a sum of $5,492. After this purchase, 59,399 common shares of SSNC are directly owned by the insider, with total stake valued at $2,966,386.
In the transaction dated May. 03, 2019, a great number of shares acquired came courtesy the Director; ZAMKOW MICHAEL JAY added a total of 17,000 shares at an average price of $59.76, amounting to approximately $1,015,920. The insider now directly owns 86,375 shares worth $4,313,568.SS&C Technologies Holdings, Inc. (SSNC) Analyst Guide
Several analysts have released their opinion on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), with 6 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.69 average brokerage recommendation [T1].