RBC Capital Believes SS&C Technologies Holdings (SSNC) Still Has Room to Grow

RBC Capital analyst Daniel Perlin maintained a Buy rating on SS&C Technologies Holdings (SSNC) on October 19 and set a price target of $68.00. The company’s shares closed last Tuesday at $64.33, close to its 52-week high of $66.74.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 22.3% and a 76.0% success rate. Perlin covers the Technology sector, focusing on stocks such as Bottomline Technologies, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on SS&C Technologies Holdings is a Strong Buy with an average price target of $67.13.

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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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