SS&C Stock Hits New 52-Week High (SSNC)

NEW YORK ( TheStreet) -- SS&C Technologies Holdings (Nasdaq: SSNC) hit a new 52-week high Wednesday as it is currently trading at $24.03, above its previous 52-week high of $23.72 with 6,913 shares traded as of 9:45 a.m. ET. Average volume has been 202,400 shares over the past 30 days.

SS&C has a market cap of $1.8 billion and is part of the technology sector and computer software & services industry. Shares are up 29.7% year to date as of the close of trading on Tuesday.

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 36.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SS&C as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full SS&C Ratings Report.

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