SS&C Technologies (NASDAQ:SSNC) Price Target Cut to $92.00 by Analysts at Jefferies Financial Group

SS&C Technologies (NASDAQ:SSNC) had its target price decreased by Jefferies Financial Group from $105.00 to $92.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

A number of other analysts have also commented on SSNC. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Needham & Company LLC dropped their price objective on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. Weiss Ratings downgraded shares of SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, April 7th. Finally, DA Davidson reduced their target price on shares of SS&C Technologies from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 17th. One equities 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $98.13.

SS&C Technologies Stock Up 0.2%

Shares of NASDAQ:SSNC opened at $71.46 on Tuesday. SS&C Technologies has a 52-week low of $65.05 and a 52-week high of $91.07. The company has a market capitalization of $17.20 billion, a PE ratio of 22.61 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $71.13 and a 200-day moving average of $79.91.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.07. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.62 billion. SS&C Technologies had a return on equity of 19.60% and a net margin of 12.70%.SS&C Technologies’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. 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. On average, equities analysts predict that SS&C Technologies will post 6.2 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 34.18%.

Hedge Funds Weigh In On SS&C Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Havemeyer Place LP acquired a new stake in SS&C Technologies during the 4th quarter valued at approximately $26,000. EFG International AG bought a new stake in shares of SS&C Technologies in the 4th quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter valued at $37,000. Quent Capital LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth $39,000. Finally, Cornerstone Planning Group LLC increased its position in shares of SS&C Technologies by 1,890.9% during the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock worth $39,000 after buying an additional 416 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Company Profile

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.