DA Davidson Reaffirms Buy Rating for SS&C Technologies (NASDAQ:SSNC)

SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They currently have a $96.00 target price on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 36.04% from the stock’s previous close.

Several other analysts have also recently commented on SSNC. Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Needham & Company LLC reduced their price target on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group decreased their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. UBS Group raised their price target on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One investment 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. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

SS&C Technologies Trading Up 2.9%

SS&C Technologies stock opened at $70.57 on Wednesday. SS&C Technologies has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 21.85 and a beta of 1.11. The firm has a 50-day moving average price of $66.62 and a two-hundred day moving average price of $72.32.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS 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 analyst estimates of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. SS&C Technologies’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. Sell-side analysts expect that SS&C Technologies will post 6.17 earnings per share for the current year.

Insider Activity

In other news, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the transaction, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of SS&C Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock worth $1,794,908,000 after acquiring an additional 74,170 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of SS&C Technologies by 1.4% during the fourth quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after purchasing an additional 137,691 shares during the last quarter. State Street Corp boosted its position in shares of SS&C Technologies by 2.1% in the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after purchasing an additional 125,580 shares during the period. Bank of Montreal Can boosted its position in shares of SS&C Technologies by 4,424.6% in the 4th quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after purchasing an additional 5,012,893 shares during the period. Finally, Swedbank AB increased its stake in SS&C Technologies by 15.0% in the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock worth $291,078,000 after purchasing an additional 563,196 shares in the last quarter. Institutional investors 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.