SS&C Technologies Holdings (SSNC) Shares are Down -1.45%

SS&C Technologies Holdings (SSNC) has risen sharply, recording gains of 4.51% in the past 4 weeks. However, the stock has corrected -1.45% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 6.17%. SS&C Technologies Holdings (NASDAQ:SSNC): stock turned positive on Friday. Though the stock opened at $31.65, the bulls momentum made the stock top out at $32.05 level for the day. The stock recorded a low of $31.54 and closed the trading day at $31.98, in the green by 0.92%. The total traded volume for the day was 630,023. The stock had closed at $31.69 in the previous days trading.


The company Insiders own 18% of SS&C Technologies Holdings shares according to the proxy statements. Institutional Investors own 47.56% of SS&C Technologies Holdings shares. Also, Morgan Stanley maintains its view on SS&C Technologies Holdings (NASDAQ:SSNC) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Morgan Stanley raises the price target from $34 per share to $37 per share on SS&C Technologies Holdings . 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.

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