Needham & Company LLC Issues Pessimistic Forecast for SS&C Technologies (NASDAQ:SSNC) Stock Price

SS&C Technologies (NASDAQ:SSNCGet Free Report) had its target price cut by stock analysts at Needham & Company LLC from $105.00 to $95.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 26.70% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. DA Davidson upped their price objective on SS&C Technologies from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley lifted their target price on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Royal Bank Of Canada upped their price target on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. One 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

Check Out Our Latest Stock Analysis on SS&C Technologies

SS&C Technologies Stock Up 1.7%

NASDAQ:SSNC opened at $74.98 on Friday. SS&C Technologies has a 52 week low of $69.61 and a 52 week high of $91.07. The stock’s fifty day moving average is $85.87 and its two-hundred day moving average is $85.92. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 22.25 and a beta of 1.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. 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. Research analysts anticipate that SS&C Technologies will post 5.35 EPS for the current year.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the sale, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This trade represents a 27.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.

Institutional Trading of SS&C Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC grew its stake in SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after buying an additional 137,301 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SS&C Technologies by 6,069.0% in the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock valued at $216,000 after acquiring an additional 2,549 shares during the period. Goldman Sachs Group Inc. grew its position in shares of SS&C Technologies by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after acquiring an additional 97,247 shares during the last quarter. Focus Partners Wealth grew its position in shares of SS&C Technologies by 35.1% during the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after acquiring an additional 2,431 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $220,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

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About SS&C Technologies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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