SS&C Technologies (NASDAQ:SSNC) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• SS&C Technologies was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, potentially reflecting market concerns about the company's outlook.
• Despite the downgrade, other analysts, including Weiss Ratings and UBS Group, have maintained "buy" ratings and raised their target prices for the stock.
• The company reported a stronger-than-expected quarterly performance, with an earnings per share (EPS) of $1.45, beating consensus estimates by $0.06.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of SS&C Technologies in a report on Saturday, September 27th. UBS Group increased their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. DA Davidson increased their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley increased their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Trading Up 0.5%

Shares of SS&C Technologies stock opened at $87.89 on Friday. The firm has a market capitalization of $21.46 billion, a PE ratio of 27.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company's fifty day moving average price is $87.79 and its two-hundred day moving average price is $82.63. SS&C Technologies has a 52-week low of $66.83 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. On average, analysts expect that SS&C Technologies will post 5.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC lifted its position in shares of SS&C Technologies by 3.4% in the second quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company's stock worth $304,000 after purchasing an additional 120 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of SS&C Technologies by 0.3% in the second quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company's stock worth $3,582,000 after purchasing an additional 130 shares in the last quarter. AXA S.A. lifted its position in shares of SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company's stock worth $776,000 after purchasing an additional 130 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of SS&C Technologies by 12.7% in the second quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company's stock worth $96,000 after purchasing an additional 131 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of SS&C Technologies by 2.1% in the second quarter. M&T Bank Corp now owns 6,632 shares of the technology company's stock worth $549,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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