Needham analyst Mayank Tandon maintained a Buy rating on SS&C Technologies Holdings (SSNC) on February 13 and set a price target of $78.00. The company’s shares closed last Monday at $66.26, close to its 52-week high of $67.73.
According to TipRanks.com, Tandon is a top 100 analyst with an average return of 20.0% and a 69.6% success rate. Tandon covers the Technology sector, focusing on stocks such as Bottomline Technologies, Sapiens International, and Euronet Worldwide.
Currently, the analyst consensus on SS&C Technologies Holdings is a Strong Buy with an average price target of $74.09, a 12.9% upside from current levels. In a report issued on February 12, Rosenblatt Securities also maintained a Buy rating on the stock with a $74.00 price target.
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SS&C Technologies Holdings’ market cap is currently $16.74B and has a P/E ratio of 48.99. The company has a Price to Book ratio of 3.48.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSNC in relation to earlier this year.
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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 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.
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