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

Key Points

• SS&C Technologies stock has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive analyst sentiment.
• Multiple research firms have adjusted their price targets for SS&C Technologies, with the average consensus price target now at $97.38.
• The company reported a 5.9% increase in year-over-year revenue and exceeded earnings estimates with an EPS of $1.45 for the latest quarter.

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

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Raymond James Financial lifted their price objective on 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 objective on 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 objective on 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 objective on 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $97.38.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $82.29 on Friday. The firm has a market capitalization of $20.10 billion, a P/E ratio of 25.80 and a beta of 1.23. SS&C Technologies has a one year low of $66.83 and a one year high of $91.07. The business has a fifty day moving average price of $87.85 and a 200-day moving average price of $82.72. 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 (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion during 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%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $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 research analysts forecast that SS&C Technologies will post 5.35 EPS for the current year.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC raised its position in SS&C Technologies by 3.2% during the third quarter. Foster Victor Wealth Advisors LLC now owns 273,463 shares of the technology company's stock valued at $24,035,000 after purchasing an additional 8,504 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of SS&C Technologies by 0.6% in the third quarter. Wedge Capital Management L L P NC now owns 822,524 shares of the technology company's stock worth $73,007,000 after buying an additional 4,985 shares during the period. Benson Investment Management Company Inc. increased its holdings in shares of SS&C Technologies by 1.5% in the third quarter. Benson Investment Management Company Inc. now owns 60,132 shares of the technology company's stock worth $5,337,000 after buying an additional 899 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of SS&C Technologies by 2.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,248 shares of the technology company's stock worth $643,000 after buying an additional 141 shares during the period. Finally, Whalen Wealth Management Inc. increased its holdings in shares of SS&C Technologies by 4.2% in the third quarter. Whalen Wealth Management Inc. now owns 3,242 shares of the technology company's stock worth $288,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 96.90% 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.

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