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Should You Buy SS&C Technologies Holdings, Inc. (SSNC) Stock on Friday?

Friday, October 08, 2021 11:50 AM | InvestorsObserver Analysts
Should You Buy SS&C Technologies Holdings, Inc. (SSNC) Stock on Friday?

The market has been high on SS&C Technologies Holdings, Inc. (SSNC) stock recently. SSNC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
SS&C Technologies Holdings, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SSNC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SSNC Stock Today?

SS&C Technologies Holdings, Inc. (SSNC) stock is higher by 1.13% while the S&P 500 is down -0.03% as of 11:38 AM on Friday, Oct 8. SSNC has risen $0.80 from the previous closing price of $70.55 on volume of 439,081 shares. Over the past year the S&P 500 has risen 28.62% while SSNC has risen 13.22%. SSNC earned $2.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 26.47. To see InvestorsObserver's Sentiment Score for SS&C Technologies Holdings, Inc. click here.

More About SS&C Technologies Holdings, Inc.

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. Click Here to get the full Stock Report for SS&C Technologies Holdings, Inc. stock.

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