SS&C Technologies (NASDAQ:SSNC) Lowered to Hold Rating by Wall Street Zen

SS&C Technologies (NASDAQ:SSNC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

SSNC has been the subject of a number of other research reports. UBS Group increased their target price on shares of SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley raised their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. DA Davidson boosted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Saturday, September 27th. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.38.

SS&C Technologies Trading Up 0.5%

Shares of SSNC opened at $87.89 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies has a 52-week low of $66.83 and a 52-week high of $91.07. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 27.55 and a beta of 1.23. The business’s fifty day moving average is $87.79 and its 200-day moving average is $82.63.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.SS&C Technologies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 EPS. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Equities analysts anticipate that SS&C Technologies will post 5.35 EPS for the current fiscal year.

Institutional Investors Weigh In On SS&C Technologies

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in SS&C Technologies by 4.6% in the third quarter. GAMMA Investing LLC now owns 5,316 shares of the technology company’s stock valued at $472,000 after buying an additional 236 shares during the period. Caldwell Trust Co bought a new stake in shares of SS&C Technologies in the 2nd quarter valued at $27,000. Osaic Holdings Inc. lifted its position in shares of SS&C Technologies by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 9,377 shares of the technology company’s stock valued at $779,000 after acquiring an additional 3,514 shares during the period. Coppell Advisory Solutions LLC boosted its stake in SS&C Technologies by 65.3% during the second quarter. Coppell Advisory Solutions LLC now owns 27,340 shares of the technology company’s stock worth $2,238,000 after acquiring an additional 10,798 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in SS&C Technologies in the second quarter worth $237,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.