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SS&C Technologies (SSNC) Looks Good: Stock Adds 12.8% in Session


SS&C Technologies Holdings, Inc. SSNC was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $40.15 to $42.27 in the past one month time frame.

The upside was driven by rumors that the company is planning to buy rival DST Systems in a $5 billion deal.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

SS&C Technologies currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another stock worth considering in the Computer – Software industry is Aspen Technology, Inc. AZPN which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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