SS&C Technologies Holdings Inc. (SSNC) shares are trading at lower $68.89 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $71.57.
To add more color to this target, the company’s high over the last year is $69.98 and the low is $29.51. Over the last 52 weeks, SSNC is up 14.72% while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SSNC reported a profit of $523.9 million. SS&C Technologies Holdings Inc. also saw revenues increase to $1.15 billion. In addition, SSNC has free cash flow of $729.7 million as of 09-2020. The company’s EBITDA came in at $440.5 million which compares well with its peers.
SSNC booked profit margins of 12.20%, its Return on Equity (ROE) is 10.90%, and its Return on Assets is 3.60%. All told, it is clear that, SSNC needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SSNC has a short ratio of 1.99 and outstanding shares of 256.70M.
SSNC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.14. SS&C Technologies Holdings Inc. SSNC also noted assets of $15.48 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SSNC has historically followed its peers on positive news.
All told, SS&C Technologies Holdings Inc. SSNC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SSNC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
SS&C Technologies Holdings Inc. SSNC is now commanding a market cap of 17.48B and a float of 223.64M. SSNC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SSNC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SSNC, either long or short, and we have not been compensated for this article.