SS&C Technologies’ (SSNC) Buy Rating Reaffirmed at DA Davidson

SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $96.00 price objective on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 41.73% from the company’s previous close.

Several other brokerages also recently issued reports on SSNC. Morgan Stanley reduced their price target on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Needham & Company LLC reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. UBS Group boosted their target price on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.

SS&C Technologies Trading Up 1.4%

SSNC stock opened at $67.74 on Wednesday. The business has a fifty day moving average price of $66.62 and a 200 day moving average price of $72.59. 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 fifty-two week low of $61.40 and a fifty-two week high of $91.07. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 20.97 and a beta of 1.11.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Analysts expect that SS&C Technologies will post 6.17 EPS for the current fiscal year.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value 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 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 worth $583,576 in the last quarter. 16.00% of the stock is currently owned by company insiders.

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of SSNC. Wedge Capital Management L L P NC increased its holdings in SS&C Technologies by 51.2% during the second quarter. Wedge Capital Management L L P NC now owns 1,250,235 shares of the technology company’s stock worth $77,577,000 after buying an additional 423,394 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of SS&C Technologies by 29.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,364 shares of the technology company’s stock worth $519,000 after purchasing an additional 1,890 shares in the last quarter. Oliver Luxxe Assets LLC bought a new stake in SS&C Technologies during the second quarter worth about $393,000. Hennion & Walsh Asset Management Inc. raised its position in SS&C Technologies by 14.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,117 shares of the technology company’s stock valued at $1,062,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in SS&C Technologies by 27.6% during the second quarter. Reinhart Partners LLC. now owns 84,270 shares of the technology company’s stock worth $5,229,000 after acquiring an additional 18,208 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.