Time to Sell SS&C Technologies Holdings, Inc. After Today’s Option Traders Bearish Bets?

 Time to Sell SS&C Technologies Holdings, Inc. After Today's Option Traders Bearish Bets?

In today’s session SS&C Technologies Holdings, Inc. (SSNC) recorded an unusually high (3,030) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SSNC decrease. With 3,030 contracts traded and 15004 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SSNC161216P00035000 closed last at: $3.5 or 22.2% down. About 126,635 shares traded hands. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has risen 2.05% since April 7, 2016 and is uptrending. It has underperformed by 2.73% the S&P500.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Ratings Coverage

Out of 10 analysts covering SS&C Techs (NASDAQ:SSNC), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $90 is the highest target while $32 is the lowest. The $69.14 average target is 119.77% above today’s ($31.46) stock price. SS&C Techs has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, February 12 by Needham. Jefferies maintained the stock with “Buy” rating in Tuesday, March 15 report. The rating was initiated by Evercore with “Buy” on Tuesday, October 6. The firm has “Hold” rating by Deutsche Bank given on Monday, July 11. The rating was upgraded by Morgan Stanley on Tuesday, September 27 to “Overweight”. The stock has “Buy” rating given by Zacks on Wednesday, August 5. Sandler O’Neill upgraded SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Monday, July 27 to “Buy” rating. The rating was initiated by Macquarie Research on Friday, August 28 with “Neutral”. The rating was maintained by Needham on Thursday, July 30 with “Buy”. The firm earned “Equal-Weight” rating on Monday, March 28 by Morgan Stanley.

According to Zacks Investment Research, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia.”

Insitutional Activity: The institutional sentiment increased to 1.57 in 2016 Q2. Its up 0.58, from 0.99 in 2016Q1. The ratio is positive, as 22 funds sold all SS&C Technologies Holdings, Inc. shares owned while 52 reduced positions. 39 funds bought stakes while 77 increased positions. They now own 347.31 million shares or 304.00% more from 85.97 million shares in 2016Q1.
California State Teachers Retirement Sys holds 356,700 shares or 0.02% of its portfolio. Voya Investment Mngmt Lc accumulated 0.12% or 1.73 million shares. The Alabama-based Regions Fincl Corporation has invested 0% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Verition Fund Mgmt Limited Com last reported 0.04% of its portfolio in the stock. Arrowpoint Asset Mngmt Ltd Liability Corporation holds 1.56 million shares or 0.88% of its portfolio. Campbell Adviser Limited Liability accumulated 7,452 shares or 1.06% of the stock. Goldman Sachs Grp Inc last reported 0.01% of its portfolio in the stock. Turtle Creek Asset Management accumulated 730,500 shares or 8.42% of the stock. Price T Rowe Inc Md holds 0.16% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 27.18M shares. Sg Americas Securities has 0% invested in the company for 15,791 shares. Utah Retirement holds 30,600 shares or 0.02% of its portfolio. Select Equity Gru L P holds 0% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 1.56M shares. Bradley Foster Sargent Ct holds 0.06% or 50,150 shares in its portfolio. Advsrs Asset Mngmt has invested 0.01% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Aqr Capital Management Ltd Liability last reported 239,382 shares in the company.

SS&C Technologies Holdings, Inc. is a holding company. The company has a market cap of $6.30 billion. The Firm is a well-known provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. It has a 74.68 P/E ratio. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

SSNC Company Profile

SS&C Technologies Holdings, Inc. (SS&C Holdings), incorporated on July 26, 2005, is a holding company. The Firm is a well-known provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. The Firm provides its solutions across the globe to over 10,000 clients, principally within the institutional asset and wealth management, alternative investment management, financial advisory and financial institutions vertical markets. In addition, its clients include commercial lenders, real estate investment trusts (REITs), corporate treasury groups, insurance and pension funds, municipal finance groups and real estate property managers.

More notable recent SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) news were published by: Prnewswire.com which released: “SS&C Technologies Reports Q3 2016 Results” on October 27, 2016, also Fool.com with their article: “SS&C Technologies Holdings Inc. Banks Another Earnings Beat” published on May 06, 2016, Prnewswire.com published: “SS&C Releases Second Round of 2016 Product Upgrades” on October 26, 2016. More interesting news about SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) were released by: Prnewswire.com and their article: “American National Insurance Company Selects SS&C Precision LM to Streamline …” published on October 25, 2016 as well as Prnewswire.com‘s news article titled: “SS&C Study Reveals Top Concerns Among Banks Transitioning to CECL” with publication date: October 06, 2016.

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