SS&C Rises On Unusually High Volume (SSNC)

NEW YORK ( TheStreet) -- SS&C Technologies Holdings (Nasdaq: SSNC) is trading at unusually high volume Monday with 797,538 shares changing hands. It is currently at 5.8 times its average daily volume and trading up 89 cents (+4%) at $23.17 as of 3:25 p.m. ET.

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 23.4% year to date as of the close of trading on Friday.

SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services providers primarily in the United States, Canada, Europe, the Asia Pacific, and Japan. The company has a P/E ratio of 35.4, 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.