Do you value smart money buying and selling trends? If so, we have a list you might be interested in reading.
We began by screening the tech sector for stocks with positive momentum, trading within 5% of their 52-week high.
We then screened for those with bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform into the future.
For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.
Tool provided by Kapitall (kapitall.com).
Do you think these stocks are in danger of heading lower? Use this list as a starting point for your own analysis.
List sorted by net institutional sales as a percent of share float.
1. SS&C Technologies Holdings, Inc. (SSNC): Provides software products and software-enabled services to the financial service providers worldwide. Market cap at $2.01B, most recent closing price at $26.60. The stock is trading 2.41% below its 52-week high. Net institutional sales in the current quarter at 4.7M shares, which represents about 13.88% of the company's float of 33.85M shares.
2. The Ultimate Software Group, Inc. (ULTI): Designs, markets, implements, and supports unified human capital management (NASDAQ:HCM) software-as-service (NASDAQ:SAAS) solutions to businesses, providing a single source for comprehensive human resources, payroll, and talent management technology. Market cap at $2.35B, most recent closing price at $88.20. The stock is trading 4.48% below its 52-week high. Net institutional sales in the current quarter at 1.9M shares, which represents about 7.3% of the company's float of 26.02M shares.
3. ACI Worldwide, Inc. (ACIW): Develops, markets, installs, and supports software products and services to facilitate electronic payments worldwide. Market cap at $1.85B, most recent closing price at $46.54. The stock is trading 1.22% below its 52-week high. Net institutional sales in the current quarter at 2.0M shares, which represents about 5.09% of the company's float of 39.30M shares.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.