SS&C Technologies (NASDAQ:SSNC) Given New $110.00 Price Target at UBS Group

Key Points

• SS&C Technologies received a new price target of $110.00 from UBS Group, up from $108.00, indicating a potential upside of 22.51% from its current stock price.
• The company reported $1.45 earnings per share for the last quarter, exceeding expectations, with a revenue of $1.54 billion, a 5.9% year-over-year increase.
• SS&C Technologies has a consensus rating of "Moderate Buy", with one analyst rating it as a Strong Buy and additional ratings primarily in the Buy category.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its target price hoisted by UBS Group from $108.00 to $110.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. UBS Group's target price points to a potential upside of 22.51% from the company's current price.

SSNC has been the topic of a number of other reports. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. 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 note on Thursday, July 24th. DA Davidson lifted 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. Morgan Stanley upped their target price on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Finally, Raymond James Financial increased their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Trading Up 1.2%

Shares of SS&C Technologies stock opened at $89.7850 on Friday. 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 has a 52 week low of $66.83 and a 52 week high of $89.73. The stock has a 50 day moving average price of $83.88 and a two-hundred day moving average price of $82.03. The stock has a market capitalization of $21.93 billion, a PE ratio of 28.17 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for 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 business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 earnings per share. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, equities analysts anticipate that SS&C Technologies will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SS&C Technologies

Hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. boosted its stake in SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC increased its holdings in SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares during the period. Whittier Trust Co. bought a new position in SS&C Technologies in the 1st quarter valued at $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of SS&C Technologies during the 1st quarter valued at $29,000. Finally, Elequin Capital LP purchased a new stake in shares of SS&C Technologies in the first quarter worth $30,000. 96.95% of the stock is currently owned by hedge funds and other 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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