SS&C Technologies’ (SSNC) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of SS&C Technologies (NASDAQ:SSNCFree Report) in a research note published on Monday morning,Benzinga reports. The firm currently has a $96.00 price target on the technology company’s stock.

Several other equities analysts also recently commented on the company. Jefferies Financial Group cut their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings lowered SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price objective on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. Finally, UBS Group increased their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.25.

Read Our Latest Research Report on SS&C Technologies

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $78.31 on Monday. The firm has a market cap of $18.86 billion, a P/E ratio of 22.50 and a beta of 1.11. The firm’s 50-day simple moving average is $67.59 and its 200-day simple moving average is $71.28. SS&C Technologies has a twelve month low of $61.40 and a twelve month high of $91.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.02%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. As a group, research analysts expect that SS&C Technologies will post 6.28 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s payout ratio is currently 31.03%.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the completion of the sale, the director directly owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the transaction, the director owned 79,384 shares in the company, valued at $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 90 days, insiders have sold 8,740 shares of company stock worth $583,576. Corporate insiders own 16.00% of the company’s stock.

Institutional Trading of SS&C Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Havemeyer Place LP bought a new position in shares of SS&C Technologies in the 4th quarter worth $26,000. EFG International AG bought a new stake in SS&C Technologies in the fourth quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in SS&C Technologies in the fourth quarter valued at about $37,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies in the second quarter valued at about $40,000. Finally, Fifth Third Bancorp boosted its holdings in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after buying an additional 329 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Company Profile

(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.

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

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