SS&C Technologies (NASDAQ:SSNC) Given “Buy” Rating at DA Davidson

SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a research note issued on Monday,Benzinga reports. They presently have a $96.00 price objective on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 26.66% from the stock’s current price.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada raised their price objective on SS&C Technologies from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group boosted their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group lowered their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.25.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $1.91 during trading on Monday, reaching $75.79. 516,686 shares of the company’s stock traded hands, compared to its average volume of 2,357,390. The firm has a market cap of $18.25 billion, a PE ratio of 21.81 and a beta of 1.11. SS&C Technologies has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a 50-day simple moving average of $66.98 and a 200-day simple moving average of $71.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.SS&C Technologies’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, analysts predict that SS&C Technologies will post 6.17 earnings per share for the current year.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the sale, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock valued at $583,576 over the last 90 days. 16.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

Several hedge funds have recently bought and sold shares of SSNC. Havemeyer Place LP purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at $26,000. EFG International AG purchased a new stake in SS&C Technologies during the 4th quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at about $37,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at about $40,000. Finally, Fifth Third Bancorp lifted its holdings in SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Company Profile

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.