Weiss Ratings Reaffirms Buy (B) Rating for SS&C Technologies (NASDAQ:SSNC)

Key Points

• Weiss Ratings has reaffirmed its "buy (B)" rating for SS&C Technologies (NASDAQ:SSNC), indicating a positive outlook for the stock.
• Multiple analysts, including Morgan Stanley and JPMorgan Chase, have raised their price targets for SS&C Technologies, suggesting a consensus target price of $97.38.
• The company reported a quarterly revenue of $1.54 billion, exceeding expectations and demonstrating a 5.9% year-over-year growth.

SS&C Technologies (NASDAQ:SSNC - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley boosted their price objective on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Raymond James Financial boosted their price objective on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. UBS Group boosted their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Finally, 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 note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.38.

SS&C Technologies Price Performance

SSNC stock opened at $86.81 on Wednesday. SS&C Technologies has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 27.21 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock's fifty day simple moving average is $87.91 and its 200-day simple moving average is $82.72.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm's revenue for the quarter 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. Equities research analysts expect that SS&C Technologies will post 5.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wedmont Private Capital grew its holdings in shares of SS&C Technologies by 5.7% during the third quarter. Wedmont Private Capital now owns 2,789 shares of the technology company's stock valued at $244,000 after purchasing an additional 151 shares during the last quarter. Beacon Financial Group bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $577,000. Grant Private Wealth Management Inc bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $271,000. Salem Investment Counselors Inc. grew its holdings in shares of SS&C Technologies by 71.7% during the third quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company's stock valued at $55,000 after purchasing an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of SS&C Technologies by 4.6% during the third quarter. GAMMA Investing LLC now owns 5,316 shares of the technology company's stock valued at $472,000 after purchasing an additional 236 shares during the last quarter. 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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