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