Miss SSNC's $32.20 Secondary But Think It's A Buy At $30?

Looking back to 131 days ago, SS&C Technologies Holdings, Inc. (NASD: SSNC) priced a 7,500,000 share secondary stock offering at $32.20 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Tuesday, the stock is now 18.1% higher than the offering price.