Long Position on SSNC @ $37.75 on 10/1/2013 (Fundamentals)

Cup & Handle on SSNCSS&C Technologies Holdings (SSNC) provides financial services software products and software-enabled services worldwide.

Its software products and software-enabled services allow financial services providers to automate and integrate front-office functions, such as trading and modeling; middle-office functions, which include portfolio management and reporting; and back-office functions, including accounting, performance measurement, reconciliation, reporting, processing, and clearing.

The company offers products and services in the areas of portfolio management/accounting, real-time trading systems, treasury operations, financial modeling, loan management/accounting, property management, and money market processing. Its software-enabled services consist of financial data acquisition, transformation, and delivery; investor transaction processing platform; trade capture automation application; risk analytics monitoring application; and business process outsourcing investment accounting and investment operations, application software hosting, automated workflow integration, automated quality control mechanisms, and interface and connectivity services.

The company’s software-enabled services also include on-and offshore fund administration; real-time trade matching utility and delivery instruction database; securities data; and broker-neutral and platform-neutral FIX connectivity. Its clients include multinational banks, retail banks and credit unions, hedge funds, funds of funds and family offices, institutional asset managers, insurance companies and pension funds, brokers/dealers, financial exchanges, commercial lenders, real estate lenders, and property managers.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range:  $21.00 - $39.94

Entry Point:  $37.75

Stop Loss:  $35.90

Target Price:   $41.55

Updates

10/8/2013 11:08:08 AM

SSNC fell below our stop loss. Position closed at $35.58.

Position closed on 10/8/2013 at price of $35.58 with a -5.75% loss in 7 days.

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