Is It Crazy To Buy SS&C Technologies Holdings Inc. (NASDAQ:SSNC) And Caesars Entertainment Corporation (NASDAQ:CZR)

The shares of SS&C Technologies Holdings Inc. (NASDAQ:SSNC) has been pegged with a rating of Buy by Needham in its latest research note that was published on February 13, 2020. The Technology company has also assigned a $78 price target. Needham wasn’t the only research firm that published a report of SS&C Technologies Holdings Inc., with other equities research analysts also giving their opinion on the stock. BTIG Research advised investors in its research note published on January 13, 2020, to Buy the SSNC stock while also putting a $72 price target. The stock had earned Buy rating from DA Davidson Markets when it published its report on October 18, 2019. Needham was of a view that SSNC is Strong Buy in its latest report on May 01, 2019. Jefferies thinks that SSNC is worth Hold rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 14 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $69.64. The price of the stock the last time has raised by 42.77% from its 52-Week high price while it is -37.80% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.38.

The shares of the company added by 8.81% during the trading session on Wednesday, reaching a low of $37.3171 while ending the day at $42.13. During the trading session, a total of 3.12 million shares were traded which represents a -61.52% decline from the average session volume which is 1.93 million shares. SSNC had ended its last session trading at $38.72. SS&C Technologies Holdings Inc. currently has a market cap of $9.72 billion, while its P/E ratio stands at 25.41, while its P/E earnings growth sits at 1.41, with a beta of 1.55. SS&C Technologies Holdings Inc. debt-to-equity ratio currently stands at 1.40, while its quick ratio hovers at 1.00 SSNC 52-week low price stands at $29.51 while its 52-week high price is $67.73.

The company in its last quarterly report recorded $1.03 earnings per share which is above the predicted by most analysts. The SS&C Technologies Holdings Inc. generated 161.8 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.88 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 17.48%. SS&C Technologies Holdings Inc. has the potential to record 3.84 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Nomura published a research note on June 25, 2019 where it informed investors and clients that Caesars Entertainment Corporation (NASDAQ:CZR) is now rated as Neutral. Their price target on the stock stands at $12. Credit Suisse also rated CZR as Resumed on March 20, 2019, with its price target of $13 suggesting that CZR could surge by 44.03% from its current share price. Even though the stock has been trading at $6.18/share, analysts expect it to surge by 15.37% to reach $12.74/share. It started the day trading at $7.47 and traded between $6.12 and $7.13 throughout the trading session.

A look at its technical shows that CZR’s 50-day SMA is 11.87 while its 200-day SMA stands at 12.05. The stock has a high of $14.73 for the year while the low is $3.22. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 95.08 M shorted shares, the short percentage went lower by -10.40%, as 85.19M SSNC shares were shorted. The company’s average trading volume currently stands at 21.26M shares, which means that the short-interest ratio is just 4.47 days. Over the past seven days, the company moved, with its shift of 102.56%. Looking further, the stock has dropped -47.50% over the past 90 days while it lost -39.22% over the last six months.

This move now sees The Icahn Associates Holding LLC selling 0 shares in the last quarter, thus it now holds 114,250,942 shares of CZR, with a total valuation of $1,452,129,473. The Vanguard Group, Inc. meanwhile bought more CZR shares in the recently filed quarter, changing its stake to $630,284,121 worth of shares.

Similarly, BlackRock Fund Advisors increased its Caesars Entertainment Corporation shares by 3.02% during the recently filed quarter. After buying 45,922,581 shares in the last quarter, the firm now controls 1,346,333 shares of Caesars Entertainment Corporation which are valued at $583,676,005. In the same vein, Canyon Capital Advisors LLC increased its Caesars Entertainment Corporation shares by during the most recent reported quarter. The firm sold 8,108,700 shares during the quarter which increased its stakes to 45,454,371 shares and is now valued at $577,725,055. Following these latest developments, around 0.50% of Caesars Entertainment Corporation stocks are owned by institutional investors and hedge funds.