SS&C Technologies (NASDAQ:SSNC) Upgraded to "Buy" at Wall Street Zen

Key Points

• SS&C Technologies has received an upgrade from Wall Street Zen from a "hold" to a "buy" rating, reflecting increasing confidence in the company's stock.
• Multiple analysts have revised their price targets for SS&C Technologies, with estimates ranging from $94.00 to $110.00, indicating a bullish outlook.
• The company reported earnings of $1.45 per share, exceeding estimates, and projected strong guidance for FY 2025, highlighting robust revenue growth.

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

Several other research firms have also commented on SSNC. DA Davidson boosted their price target on 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 research report on Thursday, July 24th. Needham & Company LLC upped their target price on 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. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, UBS Group upped their target price on SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of "Moderate Buy" and an average price target of $97.38.

SS&C Technologies Stock Up 0.5%

SS&C Technologies stock traded up $0.42 during midday trading on Friday, hitting $89.25. 1,020,434 shares of the company were exchanged, compared to its average volume of 974,559. The company's fifty day moving average price is $86.75 and its 200-day moving average price is $82.24. The company has a market cap of $21.80 billion, a PE ratio of 27.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies has a fifty-two week low of $66.83 and a fifty-two week high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS 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 analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.SS&C Technologies's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company 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, research analysts predict that SS&C Technologies will post 5.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in SS&C Technologies by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company's stock worth $1,702,971,000 after buying an additional 165,821 shares during the last quarter. Pzena Investment Management LLC grew its stake in SS&C Technologies by 0.4% during the 2nd quarter. Pzena Investment Management LLC now owns 10,460,579 shares of the technology company's stock worth $866,136,000 after buying an additional 37,134 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in SS&C Technologies by 1.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 5,239,571 shares of the technology company's stock worth $433,836,000 after buying an additional 53,264 shares during the last quarter. Geode Capital Management LLC grew its stake in SS&C Technologies by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,715,723 shares of the technology company's stock worth $306,639,000 after buying an additional 14,789 shares during the last quarter. Finally, Swedbank AB grew its stake in SS&C Technologies by 72.0% during the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after buying an additional 1,431,620 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

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.