SS&C Technologies (NASDAQ:SSNC) Given New $101.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised SS&C Technologies’ price target to $101 from $92 while maintaining an “outperform” rating, implying 21.4% upside from the prior close.
• SS&C reported quarterly EPS of $1.76, beating estimates of $1.68, while revenue rose 10.3% year over year to $1.70 billion and exceeded expectations.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average target of $92.38; institutional investors and hedge funds own 96.9% of the stock.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its price objective raised by equities researchers at Royal Bank Of Canada from $92.00 to $101.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 21.40% from the company's previous close.

A number of other analysts also recently weighed in on the company. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. decreased their price target on SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Weiss Ratings raised shares of SS&C Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. DA Davidson restated a "buy" rating and set a $96.00 target price on shares of SS&C Technologies in a research note on Monday, July 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $92.38.

SS&C Technologies Stock Performance

NASDAQ SSNC traded down $0.23 during trading on Monday, reaching $83.19. The company's stock had a trading volume of 60,111 shares, compared to its average volume of 2,255,079. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 23.84 and a beta of 1.07. SS&C Technologies has a 12 month low of $61.40 and a 12 month high of $90.26. The firm has a 50 day moving average price of $73.49 and a 200 day moving average price of $71.00.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period last year, the firm earned $1.45 earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, equities analysts anticipate that SS&C Technologies will post 6.28 EPS for the current fiscal year.

Hedge Funds Weigh In On SS&C Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in SS&C Technologies by 4,952.9% during the 2nd quarter. California State Teachers Retirement System now owns 22,362,262 shares of the technology company's stock worth $1,387,578,000 after purchasing an additional 21,919,699 shares during the last quarter. BlackRock Inc. bought a new stake in shares of SS&C Technologies in the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC acquired a new stake in shares of SS&C Technologies during the second quarter worth $684,819,000. Bank of Montreal Can raised its stake in SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company's stock worth $448,132,000 after buying an additional 5,012,893 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in SS&C Technologies during the second quarter worth $178,337,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Company Profile

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.

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