SS&C Technologies Holdings (SSNC) : Traders are bullish on SS&C Technologies Holdings (SSNC) as it has outperformed the S&P 500 by a wide margin of 9.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.44% in the last 1 week, and is up 13.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.27% and the 50-Day Moving Average is 7.99%. SS&C Technologies Holdings, Inc. is up 5.6% in the last 3-month period. Year-to-Date the stock performance stands at -5.22%.
SS&C Technologies Holdings (NASDAQ:SSNC): On Fridays trading session , Opening price of the stock was $32.76 with an intraday high of $32.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.94. However, the stock managed to close at $32.22, a loss of 1.74% for the day. On the previous day, the stock had closed at $32.79. The total traded volume of the day was 1,958,503 shares.
Also, In a research note released to the investors, Morgan Stanley maintains its rating on SS&C Technologies Holdings (NASDAQ:SSNC).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Morgan Stanley raises the new price target from $34 per share to $37 per share. The rating by the firm was issued on July 28, 2016.
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.