News Recap: SS&C Technologies Holdings (NASDAQ:SSNC)

SS&C Technologies Holdings (NASDAQ:SSNC) stock identified change of 52.65% away from 52-week low price and recently located move of -4.19% off 52-week high price. It has market worth of $16.23B and dividend yield of 0.77%. SSNC stock has been recorded 3.83% away from 50 day moving average and 15.78% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.65% off 20-day moving average.

On Feb. 20, 2020, SS&C Technologies Holdings (NASDAQ:SSNC) notified results from the Q2 2020 issue of the SS&C Intralinks Deal Flow Predictor, an indicator of future mergers and acquisitions (M&A) announcements.

Based on our data, 2020 could mark the beginning of a new cycle of growth in worldwide M&A activity, said Todd Partridge, Head of Global Marketing, SS&C Intralinks. The new deals entering the due diligence phase in virtual data rooms over the last two quarters points to a 5 percent year-over-year increase in worldwide deal announcements.

Regional breakdown of predicted M&A activity in H1 2020 compared to H1 2019:

  • In Asia-Pacific, the number of announced M&A deals is predicted to increase by around 6 percent year-over-year (YOY), within a range of 1 to 11 percent, led by the Materials, Consumer & Retail and Healthcare sectors. Japan, India, China, Hong Kong and South Korea are expected to make the strongest growth contributions.
  • In Europe, the Middle East and Africa, the number of announced M&A deals is predicted to increase by 4 percent YOY, within a range of 1 to 7 percent. The strongest growth contributions are expected in the TMT, Financials and Energy & Power sectors. M&A announcements in Italy, the U.K. and Germany are all expected to see increases.
  • In Latin America, the number of announced M&A deals is predicted to fall by 4 percent YOY, within a range of -9 to 2 percent. The Financials, Industrials, and Energy & Power sectors are predicted to lead any growth in announcements. Any increases in LATAM economies are expected to come from Mexico and Peru.
  • In North America, the number of announced M&A deals is predicted to increase by 5 percent YOY, within a range of -2 to 14 percent, led by the Healthcare, Materials and Consumer & Retail sectors.

The Technology sector company, SS&C Technologies Holdings noticed change of -0.40% to $64.89 along volume of 1753804 shares in recent session compared to an average volume of 1.22M. The stock observed return of -0.37% in 5 days trading activity. The stock was at 2.11% over one month performance. SSNC’s shares are at 10.90% for the quarter and driving a 9.50% return over the course of the past year and is now at 5.68% since this point in 2018.

The average volatility for the week at 2.50% and for month was at 2.18%. There are 250.12M shares outstanding and 220.41M shares are floated in market. Right now the stock beta is 1.26.

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