According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “
A number of other brokerages have also recently commented on SSNC. Morgan Stanley boosted their price target on SS&C Technologies from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. Raymond James lowered their price objective on SS&C Technologies from $95.00 to $93.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 5th. Credit Suisse Group began coverage on SS&C Technologies in a research report on Friday, January 7th. They issued an “outperform” rating and a $105.00 price objective on the stock. StockNews.com began coverage on SS&C Technologies in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, DA Davidson upped their price objective on SS&C Technologies from $88.00 to $95.00 in a research report on Wednesday, January 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $91.89.
SS&C Technologies (NASDAQ:SSNC – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The technology company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). SS&C Technologies had a return on equity of 21.10% and a net margin of 15.84%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that SS&C Technologies will post 4.88 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in SSNC. Counterpoint Mutual Funds LLC purchased a new stake in SS&C Technologies during the 4th quarter valued at $28,000. Standard Family Office LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter worth $30,000. KB Financial Partners LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter worth $30,000. Raleigh Capital Management Inc. purchased a new stake in shares of SS&C Technologies in the 4th quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of SS&C Technologies in the 4th quarter worth $34,000. Institutional investors and hedge funds own 96.85% of the company’s stock.
SS&C Technologies Company Profile (Get Rating)
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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.
- Get a free copy of the StockNews.com research report on SS&C Technologies (SSNC)
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