SS&C Technologies (NASDAQ:SSNC) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SS&C Technologies (NASDAQ:SSNC) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other equities research analysts have also recently issued reports on SSNC. Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Needham & Company LLC cut their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group lifted their price objective 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 cut their price objective on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

SS&C Technologies Price Performance

Shares of SSNC opened at $64.58 on Friday. The company has a market cap of $15.55 billion, a P/E ratio of 19.99 and a beta of 1.12. The stock has a fifty day moving average price of $69.65 and a 200 day moving average price of $78.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies has a 12 month low of $64.51 and a 12 month high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, research analysts forecast that SS&C Technologies will post 6.19 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, March 2nd. SS&C Technologies’s payout ratio is currently 33.44%.

Institutional Investors Weigh In On SS&C Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Havemeyer Place LP bought a new stake in SS&C Technologies in the fourth quarter worth about $26,000. EFG International AG bought a new stake in SS&C Technologies in the fourth quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in SS&C Technologies in the fourth quarter worth about $37,000. Quent Capital LLC bought a new stake in SS&C Technologies in the third quarter worth about $39,000. Finally, Cornerstone Planning Group LLC raised its position in SS&C Technologies by 1,890.9% in the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after acquiring an additional 416 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.