SS&C Technologies Holdings (SSNC) Gets a Buy Rating from Citigroup

Citigroup analyst Andrew Schmitt maintained a Buy rating on SS&C Technologies Holdings (SSNC) today and set a price target of $68.00. The company’s shares closed last Thursday at $57.41.

According to TipRanks.com, Schmitt is a 1-star analyst with an average return of -7.6% and a 40.6% success rate. Schmitt covers the Technology sector, focusing on stocks such as Bottomline Technologies, Euronet Worldwide, and Q2 Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SS&C Technologies Holdings with a $66.30 average price target, implying a 13.9% 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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The company has a one-year high of $66.74 and a one-year low of $29.51. Currently, SS&C Technologies Holdings has an average volume of 1.52M.

Based on the recent corporate insider activity of 37 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.