Raymond James Believes SS&C Technologies Holdings (SSNC) Still Has Room to Grow

Raymond James analyst Patrick O’Shaughnessy maintained a Buy rating on SS&C Technologies Holdings (SSNC) today. The company’s shares closed last Wednesday at $64.72, close to its 52-week high of $66.74.

According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 11.9% and a 72.3% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.

Currently, the analyst consensus on SS&C Technologies Holdings is a Strong Buy with an average price target of $67.13, which is a 4.6% upside from current levels. In a report issued on October 19, RBC Capital also maintained a Buy rating on the stock with a $68.00 price target.

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Based on SS&C Technologies Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.14 billion and net profit of $170 million. In comparison, last year the company earned revenue of $1.15 billion and had a net profit of $121 million.

Based on the recent corporate insider activity of 43 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 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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