SS&C Technologies (NASDAQ:SSNC – Get Free Report)‘s stock had its “buy” rating reiterated by DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $78.00 target price on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 29.81% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Needham & Company LLC increased their price target on SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Truist Financial upped their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. UBS Group lifted their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada upped their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Citigroup lifted their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average price target of $70.78.
Read Our Latest Report on SS&C Technologies
SS&C Technologies Price Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. Sell-side analysts expect that SS&C Technologies will post 4.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SS&C Technologies
A number of institutional investors have recently modified their holdings of the stock. KB Financial Partners LLC purchased a new stake in shares of SS&C Technologies during the 1st quarter worth about $26,000. Headinvest LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at approximately $26,000. ST Germain D J Co. Inc. acquired a new stake in SS&C Technologies in the 1st quarter valued at $27,000. Harbour Investments Inc. increased its holdings in SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after acquiring an additional 408 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of SS&C Technologies by 136.1% in the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock valued at $29,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.
About SS&C Technologies
SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.
See Also
- Five stocks we like better than SS&C Technologies
- Breakout Stocks: What They Are and How to Identify Them
- Undervalued UnitedHealth Group Won’t Be For Long
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- The 5 Stocks Most Sold By Insiders This Year
- How Investors Can Find the Best Cheap Dividend Stocks
- DocuSign and The Case for 66% Upside
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.