SS&C Technologies’ (SSNC) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of SS&C Technologies (NASDAQ:SSNC) in a report issued on Wednesday,Benzinga reports. They currently have a $96.00 price target on the technology company’s stock.

A number of other equities research analysts also recently issued reports on the company. Needham & Company LLC lowered their price target on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group cut their price objective on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. UBS Group boosted their target price on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Morgan Stanley dropped their target price on shares of 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. Finally, Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. 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. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

SS&C Technologies Price Performance

SSNC opened at $68.59 on Wednesday. SS&C Technologies has a 1 year low of $61.40 and a 1 year high of $91.07. The company’s 50 day simple moving average is $66.61 and its 200 day simple moving average is $72.45. The stock has a market capitalization of $16.52 billion, a PE ratio of 21.24 and a beta of 1.11. 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:SSNC) last issued its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. SS&C Technologies’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. As a group, sell-side analysts expect that SS&C Technologies will post 6.17 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is 33.44%.

Insider Buying and Selling

In other news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. This represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,740 shares of company stock valued at $583,576. 16.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. AXA S.A. increased its stake in shares of SS&C Technologies by 1.4% during the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock valued at $776,000 after buying an additional 130 shares during the period. Private Trust Co. NA lifted its stake in SS&C Technologies by 36.0% in the fourth quarter. Private Trust Co. NA now owns 502 shares of the technology company’s stock worth $44,000 after acquiring an additional 133 shares during the period. Signaturefd LLC boosted its holdings in SS&C Technologies by 3.9% in the fourth quarter. Signaturefd LLC now owns 3,785 shares of the technology company’s stock valued at $331,000 after acquiring an additional 141 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in SS&C Technologies by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after acquiring an additional 142 shares in the last quarter. Finally, Allworth Financial LP increased its position in SS&C Technologies by 6.9% during the 3rd quarter. Allworth Financial LP now owns 2,312 shares of the technology company’s stock valued at $205,000 after purchasing an additional 150 shares during the period. Institutional investors own 96.90% of the company’s stock.

About SS&C Technologies

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.