Long Position on SSNC @ $62.50 on 2/23/2015 (Momentum)

Bullish Fag on SSNCSS&C Technologies Holdings (SSNC) provides software products and software-enabled services to the financial services industry primarily in North America.

Its portfolio of software products and software-enabled services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions comprising 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.

Its 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 services.

In addition, the company offers consulting and implementation services, including installation of systems, conversion of historical data, and training and support services. 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, municipal finance groups, brokers/dealers, financial exchanges, commercial lenders, real estate lenders, and property managers. 

Shares have formed a bullish "flag" following the company's quarterly report. Higher share prices are expected for this stock.

52-Week Trading Range: $35.47 - $64.99

Entry Point: $62.50

Stop Loss: $59.35

Target Price: $68.75

 

 

Updates

3/24/2015 1:43:28 PM

SSNC closed at $62.15 after its 30 days expired!

Position closed on 3/24/2015 at price of $62.15 with a -0.56% loss in 29 days.

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