UBS Group Forecasts Strong Price Appreciation for SS&C Technologies (NASDAQ:SSNC) Stock

Key Points

• UBS Group has raised its target price for SS&C Technologies stock from $110.00 to $112.00, indicating a potential upside of 32.80% from the current price.
• SS&C Technologies reported a quarterly EPS of $1.45, surpassing analyst expectations of $1.39, alongside a year-over-year revenue increase of 5.9%.
• Institutional investors own a significant portion, with 96.90% of SS&C Technologies stock held by hedge funds and other institutions.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its target price upped by equities researchers at UBS Group from $110.00 to $112.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. UBS Group's target price points to a potential upside of 32.80% from the company's current price.

A number of other analysts have also issued reports on SSNC. Raymond James Financial lifted their price target on SS&C Technologies from $101.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Finally, DA Davidson set a $102.00 target price on SS&C Technologies in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.38.

SS&C Technologies Stock Up 4.3%

NASDAQ:SSNC traded up $3.46 during mid-day trading on Friday, hitting $84.34. 1,115,072 shares of the company's stock traded hands, compared to its average volume of 1,329,741. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $20.60 billion, a P/E ratio of 26.47 and a beta of 1.23. The company has a fifty day moving average of $86.91 and a 200 day moving average of $82.76. SS&C Technologies has a twelve month low of $66.83 and a twelve month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies's revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS. On average, analysts forecast that SS&C Technologies will post 5.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caldwell Trust Co acquired a new stake in SS&C Technologies in the second quarter valued at approximately $27,000. Larson Financial Group LLC grew its position in shares of SS&C Technologies by 634.8% in 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 in the last quarter. Whittier Trust Co. acquired a new stake in SS&C Technologies during the first quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds 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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