SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $92.00

SS&C Technologies (NASDAQ:SSNCFree Report) had its price target increased by Royal Bank Of Canada from $89.00 to $92.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Several other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group dropped their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a report on Wednesday, July 15th. Weiss Ratings downgraded SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Morgan Stanley lowered their target price on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.25.

View Our Latest Stock Analysis on SS&C Technologies

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $73.88 on Friday. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 21.23 and a beta of 1.11. SS&C Technologies has a twelve month low of $61.40 and a twelve month 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 business’s fifty day moving average is $66.98 and its 200 day moving average is $71.53.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.02% and a net margin of 13.16%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period 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, sell-side analysts expect that SS&C Technologies will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.5%. SS&C Technologies’s payout ratio is 31.03%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 3,000 shares of the firm’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 owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction 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 sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,740 shares of company stock worth $583,576 over the last 90 days. Company insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its holdings in shares of SS&C Technologies by 374.3% during the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after acquiring an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SS&C Technologies by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after purchasing an additional 16,278 shares in the last quarter. Kepler Cheuvreux Suisse SA lifted its holdings in shares of SS&C Technologies by 29.4% in the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock worth $10,645,000 after purchasing an additional 27,686 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in SS&C Technologies by 8.0% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 295,413 shares of the technology company’s stock valued at $25,341,000 after purchasing an additional 21,950 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in SS&C Technologies by 122.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock valued at $3,670,000 after purchasing an additional 23,125 shares during the period. 96.90% of the stock is owned by institutional investors.

Key SS&C Technologies News

Here are the key news stories impacting SS&C Technologies this week:

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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