President & COO Kanwar Rahul sold 73,232 shares of SS&C Technologies Holdings Inc. [SSNC]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SS&C Technologies Holdings Inc. shares valued at $4,577,146 were sold by Kanwar Rahul on Aug 12. At $62.50 per share, Kanwar Rahul sold 73,232 shares. The insider’s holdings dropped to 50,000 shares worth approximately $2.59 million following the completion of this transaction.

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Also, Kanwar Rahul sold 46,700 shares, netting a total of over 2,944,902 in proceeds. Following the sale of shares at $63.06 each, the insider now holds 50,000 shares.

Before that, Kanwar Rahul had sold 80,068 shares from its account. In a trade valued at $5,008,934, the President & COO traded SS&C Technologies Holdings Inc. shares for $62.56 each. Upon closing the transaction, the insider’s holdings decreased to 80,068 shares, worth approximately $2.59 million.

Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of December 14, 2021, JP Morgan has increased its “Neutral” rating to a “an Overweight” for SSNC.

Analyzing SSNC’s Price Performance

On Wednesday, SS&C Technologies Holdings Inc. [NASDAQ: SSNC] plunged -0.92% to $51.81. The stock’s lowest price that day was $51.79, but it reached a high of $53.12 in the same session. During the last five days, there has been a drop of approximately -3.91%. Over the course of the year, SS&C Technologies Holdings Inc. shares have dropped approximately -36.80%. Shares of the company reached a 52-week high of $84.85 on 01/13/22 and a 52-week low of $51.77 on 09/20/22. A 50-day SMA is recorded $58.60, while a 200-day SMA reached $68.49. Nevertheless, trading volume fell to 1.15 million shares from 1.43 million shares the previous day.

Support And Resistance Levels for SS&C Technologies Holdings Inc. (SSNC)

According to the 24-hour chart, there is a support level at 51.36, which, if violated, would cause prices to drop to 50.91. In the upper region, resistance lies at 52.69. The next price resistance is at 53.57. RSI (Relative Strength Index) is 26.04 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.41, which suggests the price will decrease in the coming days. Percent R is at 99.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is SS&C Technologies Holdings Inc. subject to short interest?

Stocks of SS&C Technologies Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.32 million shares to 2.95 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.63 million shares. A jump of 10.85% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.8.

Which companies own the most shares of SS&C Technologies Holdings Inc. (SSNC)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,128,740 shares, which is about 7.89% of the total SSNC shares outstanding. The investor’s shares have appreciated by 539,135 from its previous 13-F filing of 19589605.0 shares. With the completion of the buy transaction, Janus Henderson Investors US LLC’s stake is now worth $828,589,808. Select Equity Group LP reduced a -28.69% interest valued at $582.36 million while BlackRock Fund Advisors sold a -281,909 stake. A total of 4,055,156 shares of SS&C Technologies Holdings Inc. were sold by Pzena Investment Management LLC during the quarter, and 1,796,217 were bought by BlackRock Advisors LLC. In its current portfolio, Boston Partners Global Investors, holds 6,671,915 shares valued at $372.03 million.

In terms of SS&C Technologies Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $76.46 in the next 12 months, up nearly 47.26% from the previous closing price of $52.29. Analysts anticipate SS&C Technologies Holdings Inc. stock to reach $83.58 by 2022, with the lowest price target being $65.00. In spite of this, 12 analysts ranked SS&C Technologies Holdings Inc. stock as an Overweight at the end of 2022. On March 01, 2021, Credit Suisse assigned a price target of “an Outperform” to the stock and resumed coverage with a $74.


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