SS&C Technologies (NASDAQ:SSNC) Rating Increased 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 equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently issued reports on SSNC. JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial lifted their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Needham & Company LLC lifted 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 note on Thursday, July 24th. Morgan Stanley lifted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $97.38.

SS&C Technologies Trading Down 1.0%

Shares of SSNC stock opened at $89.21 on Friday. SS&C Technologies has a 12-month low of $66.83 and a 12-month high of $91.07. The company has a market capitalization of $21.79 billion, a P/E ratio of 27.97 and a beta of 1.24. The firm has a 50-day moving average price of $86.32 and a 200 day moving average price of $82.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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

Institutional Trading of SS&C Technologies

A number of institutional investors have recently made changes to their positions in SSNC. Atwood & Palmer Inc. lifted its position in shares of SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC increased its holdings in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new position in SS&C Technologies during the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies during the first quarter worth $29,000. Finally, Elequin Capital LP acquired a new position in SS&C Technologies during the first quarter worth $30,000. Institutional investors own 96.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.