I am a little puzzled by the rather poor performance of this stock based on the fundamentals. Apparantly not many people follow the stock as there are few postings on this message board. Any ideas out there?
It appears to me that a good target for SSNC is between $12.49-$13.08. $13.08 is a 61.8% retracement off of it's all-time high of $33.23. Stocks often bounce at 38.2% and 61.8% off their all-time highs.
I've been watching this stock for some time now due to strong fundamentals and thought that it would hit $13.08 earlier in July due to technicals. However, with a strong earnings report, it retraced back up to the 38.2% level at $21.15. I did not take a position since patience and discipline are key to profit in this market climate. In my opinion, $13.08 will be an excellent initial entry point for me. Just my two cents.
Somebody wants this DOWN - my guess is so they can buy more. There is no big volume behind the weakness. Hang in there and buy more if you can. This is a great Co that should continue to rise. I think a double in 6 -12 months is not unreasonable. It's been there before....
The main problem I see with SSNC is its lack of instituitional & analyst following.
SSNC has continued to disappoint me for quite sometime. While I have maintained a core position I have not done well trading it. Also I have been burned a few times after buying when I thought it was super low and ready for a rise - only to go lower.
Very frustrating. I really just don't know about this stock.
Consistent performance, good niche, going down as prices on other software companies generally up. My guess is small company size and big run up after last earnings announcement are holding it back. Barring any fundamental reasons, will soon be time to buy.