SS&C Technologies (NASDAQ:SSNC – Get Free Report) had its price target upped by analysts at Needham & Company LLC from $70.00 to $74.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 20.84% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Citigroup lifted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. UBS Group raised their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Truist Financial raised their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.22.
Read Our Latest Stock Report on SS&C Technologies
SS&C Technologies Stock Down 0.1 %
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Equities analysts predict that SS&C Technologies will post 4.61 EPS for the current fiscal year.
Institutional Trading of SS&C Technologies
Institutional investors have recently bought and sold shares of the business. Headinvest LLC acquired a new stake in SS&C Technologies during the 3rd quarter worth $26,000. ST Germain D J Co. Inc. acquired a new stake in SS&C Technologies during the 1st quarter worth $27,000. Operose Advisors LLC acquired a new stake in SS&C Technologies during the 3rd quarter worth $34,000. Denali Advisors LLC acquired a new stake in SS&C Technologies during the 1st quarter worth $51,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of SS&C Technologies in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 96.95% of the company’s stock.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.
Featured Stories
- Five stocks we like better than SS&C Technologies
- What is the Nikkei 225 index?
- MarketBeat Week in Review – 4/22 – 4/26
- How to Invest in Blue Chip Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.