SS&C Technologies (NASDAQ:SSNC) Given New $101.00 Price Target at Royal Bank Of Canada

SS&C Technologies (NASDAQ:SSNC) had its price target raised by investment analysts at Royal Bank Of Canada from $92.00 to $101.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 21.40% from the stock’s previous close.

Several other equities analysts have also weighed in on SSNC. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group decreased their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings raised SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.38.

SS&C Technologies Trading Down 0.3%

Shares of SSNC stock traded down $0.23 during trading hours on Monday, hitting $83.19. 60,111 shares of the company were exchanged, compared to its average volume of 2,255,079. The firm has a market cap of $19.52 billion, a P/E ratio of 23.84 and a beta of 1.07. SS&C Technologies has a fifty-two week low of $61.40 and a fifty-two week high of $90.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day simple moving average of $73.49 and a two-hundred day simple moving average of $71.00.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. SS&C Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. Equities analysts anticipate that SS&C Technologies will post 6.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in SS&C Technologies in the 2nd quarter valued at about $25,000. Havemeyer Place LP acquired a new position in SS&C Technologies during the 4th quarter valued at about $26,000. EFG International AG bought a new stake in SS&C Technologies during the 4th quarter worth approximately $29,000. Ameritas Advisory Services LLC bought a new stake in SS&C Technologies during the 2nd quarter worth approximately $31,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of SS&C Technologies in the second quarter worth approximately $40,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.