SS&C Technologies (NASDAQ:SSNC) Receives Buy Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of SS&C Technologies (NASDAQ:SSNC) in a research report report published on Monday,Benzinga reports. DA Davidson currently has a $96.00 price objective on the technology company’s stock.

Several other equities research analysts have also issued reports on SSNC. Jefferies Financial Group reduced their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Weiss Ratings downgraded SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, April 7th. Needham & Company LLC cut their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. One investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.13.

SS&C Technologies Stock Up 2.0%

Shares of SS&C Technologies stock opened at $68.63 on Monday. SS&C Technologies has a 1 year low of $65.05 and a 1 year high of $91.07. The company has a market cap of $16.52 billion, a P/E ratio of 21.25 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 has a 50-day moving average price of $70.89 and a 200 day moving average price of $79.42.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a return on equity of 20.09% and a net margin of 12.65%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 EPS. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, analysts expect that SS&C Technologies will post 6.2 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed 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 was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is presently 33.44%.

Institutional Trading of SS&C Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of SS&C Technologies by 0.4% during the fourth 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 last quarter. Pzena Investment Management LLC grew its stake in shares of SS&C Technologies by 1.4% in the fourth quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock worth $901,613,000 after acquiring an additional 137,691 shares during the last quarter. State Street Corp grew its stake in shares of SS&C Technologies by 2.1% in the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after acquiring an additional 125,580 shares during the last quarter. Bank of Montreal Can increased its position in SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock worth $448,132,000 after acquiring an additional 5,012,893 shares during the period. Finally, Cantillon Capital Management LLC increased its position in SS&C Technologies by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 4,258,493 shares of the technology company’s stock worth $372,277,000 after acquiring an additional 32,136 shares during the period. Institutional investors and hedge funds 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.