Wall Street Zen Upgrades SS&C Technologies (NASDAQ:SSNC) to Buy
by Teresa Graham · The Cerbat GemSS&C Technologies (NASDAQ:SSNC – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Weiss Ratings downgraded shares of SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. Finally, DA Davidson reissued a “buy” rating and issued a $106.00 target price on shares of SS&C Technologies in a research note on Friday, February 6th. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.
View Our Latest Research Report on SSNC
SS&C Technologies Price Performance
SSNC stock opened at $67.26 on Friday. SS&C Technologies has a 52 week low of $65.05 and a 52 week high of $91.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $71.86 and a two-hundred day simple moving average of $80.75. The firm has a market capitalization of $16.19 billion, a P/E ratio of 21.28 and a beta of 1.19.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.62 by $0.07. SS&C Technologies had a net margin of 12.70% and a return on equity of 19.60%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $1.58 earnings per share. SS&C Technologies’s quarterly revenue was up 8.1% compared to the same quarter last year. SS&C Technologies has set its Q1 2026 guidance at 1.620-1.680 EPS and its FY 2026 guidance at 6.700-7.020 EPS. Analysts anticipate that SS&C Technologies will post 5.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SS&C Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in SSNC. Vanguard Group Inc. increased its stake in SS&C Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock worth $1,794,908,000 after buying an additional 74,170 shares during the period. Pzena Investment Management LLC increased its stake in SS&C Technologies by 1.4% in the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock worth $901,613,000 after buying an additional 137,691 shares during the period. State Street Corp increased its stake in SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after buying an additional 125,580 shares during the period. Bank of Montreal Can increased its stake in SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after buying an additional 5,012,893 shares during the period. Finally, Cantillon Capital Management LLC increased its stake in SS&C Technologies by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 4,258,493 shares of the technology company’s stock worth $372,277,000 after buying an additional 32,136 shares during the period. Hedge funds and other institutional investors 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.