SS&C Technologies (NASDAQ:SSNC) Raised to “Buy” at Wall Street Zen

SS&C Technologies (NASDAQ:SSNC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

SSNC has been the topic of a number of other research reports. UBS Group boosted their price objective on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Raymond James Financial boosted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 24th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. DA Davidson boosted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $97.38.

SS&C Technologies Stock Down 1.0%

SS&C Technologies stock opened at $89.21 on Friday. The stock has a market capitalization of $21.79 billion, a PE ratio of 27.97 and a beta of 1.24. SS&C Technologies has a twelve month low of $66.83 and a twelve month high of $91.07. 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 company has a 50 day moving average of $86.32 and a 200-day moving average of $82.15.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share 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 analysts’ expectations of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities research analysts anticipate that SS&C Technologies will post 5.35 EPS for the current fiscal year.

Hedge Funds Weigh In On SS&C Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. increased its holdings in shares of SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of SS&C Technologies in the first quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies in the first quarter valued at $29,000. Finally, Elequin Capital LP acquired a new position in shares of SS&C Technologies in the first quarter valued at $30,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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.