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

SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research report issued on Monday,Benzinga reports. They presently have a $96.00 price target on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 40.21% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. Jefferies Financial Group lowered their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group boosted their price objective on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.13.

SS&C Technologies Stock Up 1.8%

Shares of NASDAQ:SSNC traded up $1.18 during trading on Monday, reaching $68.47. 1,072,595 shares of the stock were exchanged, compared to its average volume of 2,437,982. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies has a 1-year low of $65.05 and a 1-year high of $91.07. The stock has a fifty day moving average of $70.96 and a two-hundred day moving average of $79.54. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 21.19 and a beta of 1.19.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.09% and a net margin of 12.65%.The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. SS&C Technologies’s revenue for the quarter was up 8.8% on a year-over-year basis. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Research analysts anticipate that SS&C Technologies will post 6.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SS&C Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. Vanguard Group Inc. boosted its position in SS&C Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock worth $1,794,908,000 after purchasing an additional 74,170 shares during the period. Pzena Investment Management LLC lifted its stake in shares of SS&C Technologies by 1.4% during the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after buying an additional 137,691 shares in the last quarter. State Street Corp lifted its stake in shares of SS&C Technologies by 2.1% during the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after buying an additional 125,580 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of SS&C Technologies by 4,424.6% during the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after buying an additional 5,012,893 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in shares of SS&C Technologies by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 4,258,493 shares of the technology company’s stock valued at $372,277,000 after buying an additional 32,136 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

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.