SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) stock observed trading -22.66% off 52-week high price. On the other end, the stock has been noted 27.88% away from low price over the last 52-weeks. The stock disclosed a move of 2.97% away from 50 day moving average and -4.29% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.23% off 20-day moving average. It has market cap of $13270.47M and dividend yield of 0.76%.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced it has entered into a definitive agreement wherein SS&C will acquire the Investrack business from UAE-based Globacom Technologies. The transaction is subject to customary closing conditions and is expected to close in September 2019.
Investrack will operate as a business unit under SS&C Advent adding 29 employees based in Dubai and Pune, India as well as 30 clients in 14 countries. The leadership team, including CEO Vijay Kartha will report to Mats Berggren, head of International business development of SS&C Advent.
“Our acquisition of Investrack supports our commitment to providing innovative products and services to elevate the client experience. Investrack helps our clients deepen their own client relationships, differentiate in a competitive market and further extends our global strategy, particularly in the Middle East,” said Robert Roley, Senior Vice President and General Manager of SS&C Advent. “Adding Investrack strengthens our offering for digital investor engagement and adds best-in-class technology, people and expertise.”
Through SS&C’s long-term partnership with Globacom, Investrack’s tools and services are already integrated with SS&C’s solutions, including APX®, Tradex®, Geneva® and Moxy ®, seamlessly connecting asset managers and end-investors via a modern user experience. Investrack offers a 360 degree client engagement solution designed for private bank, wealth and investment management firms.
“We believe SS&C’s global reach will help realize the full potential of Investrack. The Investrack team is excited to work with SS&C to realize this objective,” said Vijay Kartha.
The USA based company SS&C Technologies Holdings moved with change of 0.44% to $52.38 with the total traded volume of 2534316 shares in recent session versus to an average volume of 1964.83K. The stock was observed in the 5 days activity at 7.12%. The one month performance of stock was 18.08%. SSNC’s shares are at -7.42% for the quarter and driving a -8.23% return over the course of the past year and is now at 16.12% since this point in 2018. Right now the stock beta is 1.26. The average volatility for the week and month was at 2.63% and 2.25% respectively. There are 253.35M shares outstanding and 221.51M shares are floated in market.
Patrick Davis is an author, journalist and CEO of newsdegree.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Patrick has always been interested in the stock market and how it behaves.
As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Patrick observations and experience give him the insight to stock market patterns and the investor behaviors that create them.
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