SS&C Technologies (NASDAQ:SSNC) Given New $87.00 Price Target at JPMorgan Chase & Co.

SS&C Technologies (NASDAQ:SSNC) had its price target lowered by analysts at JPMorgan Chase & Co. from $94.00 to $87.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.39% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. DA Davidson reissued a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Morgan Stanley decreased their target price on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.38 on Monday, hitting $69.94. The stock had a trading volume of 501,805 shares, compared to its average volume of 2,362,476. SS&C Technologies has a twelve month low of $61.40 and a twelve month high of $91.07. The business’s 50 day moving average is $66.63 and its two-hundred day moving average is $72.18. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 21.65 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts forecast that SS&C Technologies will post 6.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the transaction, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,740 shares of company stock worth $583,576 in the last 90 days. 16.00% of the stock is owned by company insiders.

Institutional Trading of SS&C Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in SS&C Technologies by 374.3% in the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after acquiring an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in SS&C Technologies by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after buying an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA lifted its stake in SS&C Technologies by 29.4% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock valued at $10,645,000 after acquiring an additional 27,686 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in SS&C Technologies by 245.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 46,397 shares of the technology company’s stock worth $4,056,000 after acquiring an additional 32,963 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of SS&C Technologies by 8.0% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 295,413 shares of the technology company’s stock worth $25,341,000 after acquiring an additional 21,950 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.