SS&C Technologies (NASDAQ:SSNC) Given New $101.00 Price Target at Raymond James Financial

Key Points

• Raymond James Financial has raised the target price for SS&C Technologies from $95.00 to $101.00, indicating a potential upside of 26.82% from its current price.
• SS&C Technologies reported a Q2 EPS of $1.45, surpassing analysts' expectations, and projected its FY 2025 EPS guidance between 5.820-6.060.
• Most analysts hold a consensus Moderate Buy rating for the stock, with a price target average of $98.13, while 96.90% of shares are owned by institutional investors.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its target price lifted by analysts at Raymond James Financial from $95.00 to $101.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the technology company's stock. Raymond James Financial's target price points to a potential upside of 26.82% from the stock's current price.

Several other analysts also recently issued reports on the stock. DA Davidson increased their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.13.

SS&C Technologies Trading Up 0.1%

SSNC traded up $0.10 on Friday, reaching $79.64. 461,720 shares of the company's stock were exchanged, compared to its average volume of 1,321,830. The company's 50 day moving average is $87.46 and its 200-day moving average is $82.67. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 24.96 and a beta of 1.23. SS&C Technologies has a twelve month low of $66.83 and a twelve month high of $91.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts predict that SS&C Technologies will post 5.35 earnings per share for the current year.

Hedge Funds Weigh In On SS&C Technologies

Several large investors have recently added to or reduced their stakes in SSNC. Norges Bank bought a new stake in SS&C Technologies in the second quarter valued at $221,558,000. Swedbank AB lifted its stake in SS&C Technologies by 72.0% in the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock valued at $283,147,000 after buying an additional 1,431,620 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in SS&C Technologies by 87.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company's stock valued at $147,998,000 after buying an additional 834,393 shares during the last quarter. AQR Capital Management LLC lifted its stake in SS&C Technologies by 28.7% in the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company's stock valued at $238,338,000 after buying an additional 651,650 shares during the last quarter. Finally, Sunriver Management LLC bought a new stake in SS&C Technologies in the second quarter valued at $40,104,000. 96.90% of the stock is currently owned by institutional investors.

SS&C Technologies Company Profile

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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