.jpg "SS&C Technologies Holdings (NASDAQ: SSNC)")
SS&C Technologies Holdings (NASDAQ: SSNC) received a Buy rating and a $60 price target from Credit Suisse analyst Brad Zelnick today. The company’s shares closed yesterday at $49.81.
Zelnick noted:
“We initiate on Outperform rating and a $60 target price. We believe its strategic focus, portfolio breadth, and fund-admin market leadership create a competitive moat that positions the company to benefit from various forces shaping the financial services industry. In addition, we believe there is more upside potential from the DST acquisition than is currently reflected in the price and see substantial opportunity remaining for further accretive acquisitions.”
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 9.8% and a 64.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Everbridge Inc.
SS&C Technologies Holdings has an analyst consensus of Strong Buy, with a price target consensus of $59.
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The company has a one-year high of $53.99 and a one-year low of $35.85. Currently, SS&C Technologies Holdings has an average volume of 1.63M.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is neutral on the stock.
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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 company was founded by William Charles Stone in February 1986 and is headquartered in Windsor, CT.
