DA Davidson Lowers SS&C Technologies (NASDAQ:SSNC) Price Target to $96.00

SS&C Technologies (NASDAQ:SSNC) had its price target decreased by equities researchers at DA Davidson from $106.00 to $96.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective would suggest a potential upside of 33.13% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. Weiss Ratings cut SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, April 7th. Finally, Needham & Company LLC reduced their price target on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $99.75.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $72.11 on Friday. The stock has a market cap of $17.36 billion, a P/E ratio of 22.82 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.07. The stock’s 50-day moving average is $71.30 and its 200-day moving average is $80.20. SS&C Technologies has a 1-year low of $65.05 and a 1-year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.07. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 earnings per share. 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. Equities research analysts anticipate that SS&C Technologies will post 5.35 earnings per share for the current year.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors have recently added to or reduced their stakes in SSNC. National Pension Service raised its position in shares of SS&C Technologies by 27.2% during the third quarter. National Pension Service now owns 186,824 shares of the technology company’s stock worth $16,582,000 after purchasing an additional 39,984 shares during the period. Envestnet Asset Management Inc. raised its position in shares of SS&C Technologies by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock worth $68,147,000 after purchasing an additional 22,547 shares during the period. Cibc World Market Inc. acquired a new position in shares of SS&C Technologies during the third quarter worth approximately $1,414,000. Davis Capital Management acquired a new position in shares of SS&C Technologies during the third quarter worth approximately $1,064,000. Finally, St. James Investment Company LLC acquired a new position in shares of SS&C Technologies during the third quarter worth approximately $19,485,000. 96.90% of the stock is owned by institutional investors and hedge funds.

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.