Raymond James Keeps Their Buy Rating on SS&C Technologies Holdings (SSNC)

In a report issued on July 22, Patrick O’Shaughnessy from Raymond James maintained a Buy rating on SS&C Technologies Holdings (SSNC). The company’s shares closed last Wednesday at $59.89.

According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 11.9% and a 71.3% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as Focus Financial Partners, SEI Investments Company, and Marketaxess Holdings.

SS&C Technologies Holdings has an analyst consensus of Strong Buy, with a price target consensus of $67.40, implying a 15.2% upside from current levels. In a report issued on July 16, Rosenblatt Securities also maintained a Buy rating on the stock with a $64.00 price target.

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Based on SS&C Technologies Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.17 billion and net profit of $99.2 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 36 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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