SS&C Technologies (NASDAQ:SSNC) Stock Price Expected to Rise, Raymond James Financial Analyst Says

SS&C Technologies (NASDAQ:SSNC) had its price objective upped by Raymond James Financial from $95.00 to $101.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “strong-buy” rating on the technology company’s stock. Raymond James Financial’s target price indicates a potential upside of 26.76% from the company’s previous close.

A number of other research firms have also issued reports on SSNC. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. DA Davidson increased their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Morgan Stanley increased their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, UBS Group increased their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.13.

SS&C Technologies Price Performance

SSNC stock opened at $79.68 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies has a one year low of $66.83 and a one year high of $91.07. The firm has a market capitalization of $19.46 billion, a PE ratio of 24.98 and a beta of 1.23. The firm has a 50-day moving average of $87.32 and a two-hundred day moving average of $82.64.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. On average, analysts forecast that SS&C Technologies will post 5.35 earnings per share for the current year.

Hedge Funds Weigh In On SS&C Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. Caldwell Trust Co acquired a new position in SS&C Technologies during the second quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new position in SS&C Technologies during the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies during the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new position in SS&C Technologies during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.