SS&C Technologies (NASDAQ:SSNC) Given New $65.00 Price Target at Credit Suisse Group

SS&C Technologies (NASDAQ:SSNC) had its price objective lifted by Credit Suisse Group from $60.00 to $65.00 in a research report sent to investors on Wednesday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the technology company’s stock.

Several other research firms also recently issued reports on SSNC. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $65.00 to $68.00 and gave the company a buy rating in a research note on Wednesday. BTIG Research reissued a buy rating and issued a $72.00 target price on shares of SS&C Technologies in a research report on Thursday, April 30th. ValuEngine raised SS&C Technologies from a sell rating to a hold rating in a research report on Tuesday, July 28th. Rosenblatt Securities reissued a buy rating and issued a $64.00 price objective on shares of SS&C Technologies in a report on Monday, July 27th. Finally, Morgan Stanley lowered their target price on shares of SS&C Technologies from $63.00 to $57.00 and set an equal weight rating on the stock in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. SS&C Technologies currently has a consensus rating of Buy and a consensus target price of $66.75.

Shares of SSNC opened at $57.50 on Wednesday. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 30.10 and a beta of 1.49. SS&C Technologies has a 52-week low of $29.51 and a 52-week high of $66.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. The stock has a 50 day moving average price of $56.68 and a 200 day moving average price of $55.55.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.14. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. SS&C Technologies had a net margin of 10.85% and a return on equity of 20.41%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, equities analysts anticipate that SS&C Technologies will post 3.66 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. lifted its holdings in SS&C Technologies by 14.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,559 shares of the technology company’s stock valued at $68,000 after acquiring an additional 193 shares during the period. Mid Atlantic Financial Management Inc. ADV grew its stake in SS&C Technologies by 3.2% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 6,210 shares of the technology company’s stock worth $272,000 after acquiring an additional 195 shares during the period. Telemus Capital LLC raised its holdings in SS&C Technologies by 0.3% in the 2nd quarter. Telemus Capital LLC now owns 67,570 shares of the technology company’s stock valued at $3,814,000 after acquiring an additional 220 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in shares of SS&C Technologies by 3.7% during the 4th quarter. First Republic Investment Management Inc. now owns 7,148 shares of the technology company’s stock worth $439,000 after purchasing an additional 256 shares during the period. Finally, Autus Asset Management LLC boosted its holdings in shares of SS&C Technologies by 0.3% during the second quarter. Autus Asset Management LLC now owns 80,097 shares of the technology company’s stock worth $4,523,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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