Raymond James Raises SS&C Technologies (NASDAQ:SSNC) Price Target to $67.00

SS&C Technologies (NASDAQ:SSNC) had its price target increased by Raymond James from $63.00 to $67.00 in a research report released on Wednesday, BenzingaRatingsTable reports. They currently have a strong-buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group lowered their price objective on SS&C Technologies from $61.00 to $59.00 and set a hold rating on the stock in a research report on Monday, May 4th. Rosenblatt Securities reissued a buy rating and issued a $64.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. BTIG Research reaffirmed a buy rating and set a $72.00 price objective on shares of SS&C Technologies in a report on Thursday, April 30th. Credit Suisse Group lifted their price objective on shares of SS&C Technologies from $60.00 to $65.00 and gave the company an outperform rating in a research report on Wednesday. Finally, BidaskClub upgraded shares of SS&C Technologies from a sell rating to a hold rating in a research report on Tuesday, June 23rd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $66.75.

NASDAQ SSNC opened at $57.50 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.44. SS&C Technologies has a 12 month low of $29.51 and a 12 month high of $66.74. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 30.10 and a beta of 1.49. The company’s 50 day moving average is $56.68 and its two-hundred day moving average is $55.55.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.14. SS&C Technologies had a net margin of 10.85% and a return on equity of 20.41%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that SS&C Technologies will post 3.66 EPS for the current year.

Several institutional investors have recently bought and sold shares of SSNC. Jacobi Capital Management LLC raised its position in shares of SS&C Technologies by 188.9% during the 1st quarter. Jacobi Capital Management LLC now owns 650 shares of the technology company’s stock valued at $28,000 after buying an additional 425 shares in the last quarter. Ameritas Investment Company LLC bought a new stake in SS&C Technologies during the first quarter worth approximately $35,000. Bellevue Asset Management LLC increased its stake in SS&C Technologies by 65.1% during the first quarter. Bellevue Asset Management LLC now owns 720 shares of the technology company’s stock worth $37,000 after acquiring an additional 284 shares during the last quarter. CWM Advisors LLC purchased a new stake in SS&C Technologies during the first quarter valued at approximately $45,000. Finally, Signaturefd LLC lifted its stake in shares of SS&C Technologies by 308.2% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the technology company’s stock valued at $56,000 after purchasing an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

Featured Article: How does new data get added to a blockchain?

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.