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

Wall Street Zen upgraded shares of SS&C Technologies (NASDAQ:SSNC) from a hold rating to a buy rating in a research report report published on Sunday morning.

A number of other research analysts have also commented on the company. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Raymond James Financial boosted their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.38.

SS&C Technologies Stock Down 2.8%

Shares of SSNC stock opened at $82.29 on Friday. SS&C Technologies has a 12 month low of $66.83 and a 12 month high of $91.07. The firm has a market cap of $20.10 billion, a PE ratio of 25.80 and a beta of 1.23. The stock has a 50 day moving average of $87.85 and a 200-day moving average of $82.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $1.27 earnings per share. The company’s quarterly revenue 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. On average, equities analysts predict that SS&C Technologies will post 5.35 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 5.2%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.86%.

Institutional Trading of SS&C Technologies

Large investors have recently bought and sold shares of the stock. Caldwell Trust Co bought a new stake in SS&C Technologies in the second quarter valued at $27,000. Larson Financial Group LLC boosted its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock worth $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. acquired a new position in SS&C Technologies in the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies in the first quarter worth $29,000. Finally, Elequin Capital LP acquired a new position in SS&C Technologies in the first quarter worth $30,000. 96.90% of the stock is currently owned by institutional investors.

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.