Insider Sale Alert: SS&C Technologies Holdings Inc. [SSNC] – Is it Time to sell?


SS&C Technologies Holdings Inc.’s recent filing unveils that its SVP and CFO PEDONTI PATRICK J unloaded Company’s shares for reported $12.01 million on Jun 16. In the deal valued at $60.03 per share,200,000 shares were sold. As a result of this transaction, PEDONTI PATRICK J now holds 0 shares worth roughly $ 0.0.

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JP Morgan initiated its SS&C Technologies Holdings Inc. [SSNC] rating to an Overweight in a research note published on Monday, March 15, 2023; the price target was $68. PT values the company’s stock at a premium of 16.94 to its Monday closing price.

Price Performance Review of SSNC

On Monday, SS&C Technologies Holdings Inc. [NASDAQ:SSNC] saw its stock jump 1.06% to $56.48. On the same session, the stock had its day’s lowest price of $56.11, but rose to a high of $56.89. Over the last five days, the stock has gained 2.56%. SS&C Technologies Holdings Inc. shares have risen nearly 8.49% since the year began. Nevertheless, the stocks have fallen -4.24% over the past one year. While a 52-week high of $64.52 was reached on 02/09/23, a 52-week low of $45.25 was recorded on 01/03/23. SMA at 50 days reached $58.64, while 200 days put it at $56.51. A total of 0.54 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For SSNC Stock

The 24-hour chart illustrates a support level at 56.10, which if violated will result in even more drops to 55.71. On the upside, there is a resistance level at 56.88. A further resistance level may holdings at 57.27. The Relative Strength Index (RSI) on the 14-day chart is 47.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.02%. Stochastics %K at 61.00% indicates the stock is a holding.

How much short interest is there in SS&C Technologies Holdings Inc.?

A steep rise in short interest was recorded in SS&C Technologies Holdings Inc. stocks on Aug 14, 2023, dropping by -0.3 million shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.41 million shares. There was a decline of -14.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.

SS&C Technologies Holdings Inc. [SSNC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,452,251 shares, or roughly 7.81% of the outstanding SSNC shares. In other words, the investor’s shares have fallen by -1,298,159 from its previous 13-F filing of 20750410.0. Additionally, Janus Henderson Investors US LLC increased 0.63% of its stake after which the total value it holdings stand at $868,256,093, while Pzena Investment Management LLC added 0.35% of its stake to hold $817.34 million in the firm. Over the last quarter, BlackRock Advisors LLC purchased 813,943 shares of SS&C Technologies Holdings Inc., while BlackRock Fund Advisors bought -235,110 shares. At present, Boston Partners Global Investors, is holding 8,252,435 shares valued at $480.7 million. Diamond Hill Capital Management, owned 7,847,899 shares of the company at the time of its most recent 13F filing, worth $457.14 million.

According to FactSet, SS&C Technologies Holdings Inc.’s share price will average $67.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.9 percent from its previous closing price of $55.89. Analysts expect SS&C Technologies Holdings Inc. stock to reach the higher price of $85.00, while the lowest price estimate is $55.00. However, 14 analysts have rated SSNC stock as an Overweight in their predictions for 2023.


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