RBC Capital analyst Daniel Perlin maintained a Buy rating on SS&C Technologies Holdings (SSNC – Research Report) yesterday and set a price target of $72.00. The company’s shares closed yesterday at $61.31.
Perlin covers the Technology sector, focusing on stocks such as Accenture, Fiserv, and NCR Voyix. According to TipRanks, Perlin has an average return of 1.1% and a 47.70% success rate on recommended stocks.
Currently, the analyst consensus on SS&C Technologies Holdings is a Strong Buy with an average price target of $69.75, implying a 13.77% upside from current levels. In a report released on April 16, D.A. Davidson also maintained a Buy rating on the stock with a $78.00 price target.
Based on SS&C Technologies Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.41 billion and a net profit of $194.4 million. In comparison, last year the company earned a revenue of $1.34 billion and had a net profit of $207.5 million
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SSNC in relation to earlier this year.
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SS&C Technologies Holdings (SSNC) Company Description:
SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions. Its portfolio of products provides functions including trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, performance measurement, reconciliation, reporting, processing and clearing. It also caters to the institutional asset and wealth management, alternative investment management, financial advisory, and financial institutions vertical markets. The firm’s services include managed, professional, technology & operations outsourcing and fund administration services. The company was founded by William Charles Stone in February 1986 and is headquartered in Windsor, CT.
