SS&C Reaches New 52-Week High (SSNC)

NEW YORK ( TheStreet) -- SS&C Technologies Holdings (Nasdaq: SSNC) hit a new 52-week high Thursday as it is currently trading at $21.80, above its previous 52-week high of $21.49 with 55,240 shares traded as of 9:45 a.m. ET. Average volume has been 136,700 shares over the past 30 days.

SS&C has a market cap of $1.45 billion and is part of the technology sector and computer software & services industry. Shares are up 17.9% year to date as of the close of trading on Wednesday.

SS&C Technologies Holdings, Inc. provides software products and software-enabled services to the financial service providers worldwide. The company has a P/E ratio of 33.4, above the average computer software & services industry P/E ratio of 32.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SS&C as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full SS&C Ratings Report.

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