SS&C Technologies Holdings Inc. ($SSNC) Stock Forecast: Up 5.2% Today

What is SS&C Technologies Holdings Inc.?

SS&C Technologies Holdings Inc (SSNC) is a technology company specializing in software and services for the financial services industry. Today, the stock had a strong bullish movement.

Why is SS&C Technologies Holdings Inc. going up?

SSNC stock is up 5.2% on Jul 26, 2024 17:02

• SS&C Technologies Holdings Inc (SSNC) experienced a significant bullish surge today, driven by:
• Strong Q2 2024 earnings results, with the company beating both EPS and revenue estimates.
• Record share buybacks and strong revenue growth highlighted in the Q2 2024 earnings call, indicating positive momentum for the company.
• The market responded positively to the company's impressive performance, leading to a meteoric rise in the stock price over the past 3 months.

SSNC Price Chart

SSNC News

SS&C Technologies Holdings Inc''s Meteoric Rise: Unpacking the 11% Surge in Just 3 Months

SS&C Technologies Holdings Inc''s Meteoric Rise: Unpacking the 11% Surge in Just 3 Months

https://www.gurufocus.com/news/2483276/ssc-technologies-holdings-incs-meteoric-rise-unpacking-the-11-surge-in-just-3-months

SS&C Technologies Holdings Inc (SSNC) Q2 2024 Earnings Call Transcript Highlights: Strong ...

SS&C Technologies Holdings Inc (SSNC) Q2 2024 Earnings Call Transcript Highlights: Strong Revenue Growth and Record Share Buybacks

https://www.gurufocus.com/news/2482954/ssc-technologies-holdings-inc-ssnc-q2-2024-earnings-call-transcript-highlights-strong-revenue-growth-and-record-share-buybacks

Q2 2024 SS&C Technologies Holdings Inc Earnings Call Transcript

Q2 2024 SS&C Technologies Holdings Inc Earnings Call Transcript

https://www.gurufocus.com/news/2482784/q2-2024-ssc-technologies-holdings-inc-earnings-call-transcript

SSNC Stock Earnings: SS&C Techs Hldgs Beats EPS, Beats Revenue for Q2 2024

SS&C Techs Hldgs (NASDAQ:SSNC) just reported results for the second quarter of 2024. SS&C Techs Hldgs reported earnings per share of $1.27. This was above the analyst estimate for EPS of $1.20. The company reported revenue of $1.45 billion. This was 1.54% better than the analyst estimate for revenue of $1.43 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/ssnc-stock-earnings-ssc-techs-hldgs-for-q2-of-2024/

SS&C Technologies ( SSNC ) Q2 Earnings and Revenues Surpass Estimates

SS&C Technologies (SSNC) delivered earnings and revenue surprises of 4.96% and 1.13%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2309392/ssc-technologies-ssnc-q2-earnings-and-revenues-surpass-estimates

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SS&C Technologies Holdings Inc. Price History

14.01.2024 - SSNC Stock was up 5.1%

• The company reported stronger-than-anticipated fourth-quarter results, which possibly influenced the bullish movement in the stock.
• Analyst forecasts for SSNC have also increased, suggesting positive sentiment towards the company.
• Investor confidence in the stock may have been further boosted by Richard Pzena's increased position in the company.
• The market movement of SSNC is not directly affected by the earnings estimates miss of Pros Holdings (PRO).

15.03.2024 - SSNC Stock was down 2.6%

• The bearish movement in SSNC today could be attributed to the anticipation and release of their first quarter 2024 earnings. The market might have reacted negatively to the financial results, possibly indicating lower-than-expected performance. Additionally, the overall market trend of a pivot away from high-quality non-tech firms, as mentioned in an analysis of Top 500 Stocks, could have also influenced the bearish movement in SSNC. Investors might be shifting focus towards other sectors or companies with better performance, leading to the decline in SSNC's stock price.

12.06.2024 - SSNC Stock was up 3.4%

• SS&C Technologies Holdings, Inc. (SSNC) observed a bullish trend today attributed to the launch of its new Contact Center platform. This platform is designed to enhance client engagement within the asset management and pensions sectors.
• Investor optimism surged as SS&C incorporated AI chatbot functionalities and speech analytics into the Contact Center platform, showcasing potential for improved customer service and business growth.
• The company's emphasis on providing tailored customer experiences and round-the-clock, multi-channel support signals its dedication to meeting client demands, potentially attracting new business opportunities and reinforcing investor trust.
• SS&C's ongoing initiative to deliver secure and personalized client experiences on a large scale, corroborated by positive client feedback, could position the company favorably for future expansion and market competitiveness.

26.06.2024 - SSNC Stock was up 5.2%

• SS&C Technologies Holdings Inc (SSNC) experienced a significant bullish surge today, driven by:
• Strong Q2 2024 earnings results, with the company beating both EPS and revenue estimates.
• Record share buybacks and strong revenue growth highlighted in the Q2 2024 earnings call, indicating positive momentum for the company.
• The market responded positively to the company's impressive performance, leading to a meteoric rise in the stock price over the past 3 months.

26.06.2024 - SSNC Stock was up 7.1%

• SSNC reported strong Q2 2024 earnings with both revenue growth and record share buybacks, exceeding analyst estimates for EPS and revenue.
• The positive earnings surprises of 4.96% in earnings and 1.13% in revenue for the quarter ended June 2024 contributed to the bullish movement in the stock.
• Investors reacted positively to the company's financial performance, indicating confidence in SS&C Technologies Holdings Inc's ability to deliver results and potentially driving the stock price higher.
• The market's reaction suggests that the company's strategic decisions, such as share buybacks and revenue growth, are viewed favorably by investors, leading to the bullish movement in SSNC stock.