SS&C Technologies (NASDAQ:SSNC) Stock Rating Lowered by Wall Street Zen

Key Points

• SS&C Technologies' stock rating was downgraded by Wall Street Zen from "buy" to "hold," while other analysts maintained or increased their target prices, with UBS Group raising it to $110.00.
• The company reported earnings of $1.45 EPS, exceeding estimates, with a year-over-year revenue growth of 5.9%.
• Hedge funds have significantly increased their holdings in SS&C Technologies, with ownership among institutional investors at 96.95%.

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

A number of other research analysts have also recently commented on the company. 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 note on Friday. DA Davidson boosted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley lifted 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 report on Thursday, July 24th. Raymond James Financial boosted their price objective on shares of 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. Finally, Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Stock Up 1.7%

NASDAQ SSNC opened at $90.20 on Friday. 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 has a 52 week low of $66.83 and a 52 week high of $91.07. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 28.28 and a beta of 1.25. The company has a fifty day moving average of $84.10 and a two-hundred day moving average of $82.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.52 billion. During the same quarter last year, the business earned $1.27 EPS. The business's revenue was up 5.9% on a year-over-year basis. 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 predict that SS&C Technologies will post 5.35 earnings per share for the current year.

Institutional Investors Weigh In On SS&C Technologies

Hedge funds have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC raised its holdings in SS&C Technologies by 29.9% in the first quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA raised its stake in shares of SS&C Technologies by 861.7% during the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after acquiring an additional 85,427 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in SS&C Technologies during the first quarter valued at approximately $509,000. Bank of New York Mellon Corp boosted its stake in SS&C Technologies by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after acquiring an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in SS&C Technologies by 403.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after purchasing an additional 60,784 shares during the last quarter. 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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