SS&C Technologies (NASDAQ:SSNC) Price Target Increased to $65.00 by Analysts at Piper Sandler

SS&C Technologies (NASDAQ:SSNC) had its target price hoisted by Piper Sandler from $63.00 to $65.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

Several other equities analysts also recently commented on the stock. Needham & Company LLC upped their price target on shares of SS&C Technologies from $65.00 to $68.00 and gave the company a buy rating in a report on Wednesday. BTIG Research reiterated a buy rating and issued a $72.00 price target on shares of SS&C Technologies in a report on Thursday, April 30th. Rosenblatt Securities restated a buy rating and set a $64.00 price objective on shares of SS&C Technologies in a report on Monday, July 27th. Credit Suisse Group increased their target price on SS&C Technologies from $60.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, ValuEngine raised shares of SS&C Technologies from a sell rating to a hold rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $66.75.

Shares of NASDAQ:SSNC opened at $57.50 on Wednesday. The firm has a fifty day simple moving average of $56.68 and a two-hundred day simple moving average of $55.55. SS&C Technologies has a 52 week low of $29.51 and a 52 week high of $66.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $14.73 billion, a P/E ratio of 30.10 and a beta of 1.49.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position in shares of SS&C Technologies by 17.0% in the fourth quarter. Guggenheim Capital LLC now owns 12,115 shares of the technology company’s stock valued at $743,000 after acquiring an additional 1,759 shares in the last quarter. First Republic Investment Management Inc. increased its stake in SS&C Technologies by 3.7% in the fourth quarter. First Republic Investment Management Inc. now owns 7,148 shares of the technology company’s stock valued at $439,000 after purchasing an additional 256 shares during the last quarter. Man Group plc raised its holdings in SS&C Technologies by 643.4% during the fourth quarter. Man Group plc now owns 172,320 shares of the technology company’s stock worth $10,581,000 after purchasing an additional 149,140 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of SS&C Technologies by 2.2% during the 4th quarter. Standard Life Aberdeen plc now owns 30,115 shares of the technology company’s stock worth $1,849,000 after buying an additional 650 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of SS&C Technologies by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 142,326 shares of the technology company’s stock worth $8,739,000 after buying an additional 2,357 shares during the last quarter. 81.20% of the stock is owned by institutional investors.

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.

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

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