Large Inflow of Money Witnessed in SS&C Technologies Holdings

SS&C Technologies Holdings (SSNC) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $12.15 million worth of transactions were on upticks, whereas, the downticks accounted for $7.25 million worth of transactions. The net money flow was a positive $4.9 million and the uptick to downtick ratio was 1.68. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.26 in their favor. The net money flow into the stock was $4.28 million. The value of block trades done on downticks was only $1.89 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.17 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. SS&C Technologies Holdings (SSNC) was trading at $29.23, down $0.33 during day. The stock slid -1.12% over the previous days close. For the week, the stock recorded 2.53% over the previous weeks close.


SS&C Technologies Holdings (SSNC) : The highest level SS&C Technologies Holdings (SSNC) is projected to reach is $38 for the short term and the lowest estimate is at $32. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $35.5 and the possibility the share price can swing is $2.09. The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 1.31%.

SS&C Technologies Holdings (NASDAQ:SSNC): The stock opened at $29.58 on Thursday but the bulls could not build on the opening and the stock topped out at $29.63 for the day. The stock traded down to $29.10 during the day, due to lack of any buying support eventually closed down at $29.23 with a loss of -1.12% for the day. The stock had closed at $29.56 on the previous day. The total traded volume was 1,610,870 shares.

SS&C Technologies Holdings, Inc. (SS&C Holdings) is a holding company, which provides software products and software-enabled services. The Company operates primarily through its subsidiary, SS&C Technologies, Inc. The Companys service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services, and product support. The Companys software products and software-enabled services automates and integrates front-office functions, such as 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. Its other subsidiaries include Advent Software, Inc., and GlobeOp Financial Services S.A. and Prime Management Limited, among others.

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