Based on ratings from 12 stock analysts, the SS&C Technologies Holdings Inc stock price is expected to increase by 3.07% in 12 months. This is calculated by using the average 12-month stock price forecast for SS&C Technologies Holdings Inc. The lowest target is $65 and the highest is $88. Please note analyst price targets are not guaranteed and could be missed completely.
About 12 Wall Street analysts have assignedSSNC 11 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect SS&C Technologies Holdings Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on SSNC. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of SSNC.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Peter Heckmann DA Davidson | Buy | $88 | Maintains | Jul 29, 2024 |
Mayank Tandon Needham | Buy | $81 | Maintains | Jul 26, 2024 |
Daniel Perlin RBC Capital | Outperform | $75 | Maintains | Jul 26, 2024 |
Peter Heckmann DA Davidson | Buy | $84 | Maintains | Jul 18, 2024 |
Surinder Thind Jefferies | Hold | $61 | Maintains | Apr 29, 2024 |
Mayank Tandon Needham | Buy | $74 | Maintains | Apr 26, 2024 |
Peter Heckmann DA Davidson | Buy | $78 | Maintains | Apr 16, 2024 |
Andrew Schmitt Citigroup | Buy | $71 | Maintains | Feb 15, 2024 |
Mayank Tandon Needham | Buy | $70 | Maintains | Feb 14, 2024 |
Daniel Perlin RBC Capital | Outperform | $72 | Maintains | Feb 14, 2024 |
Kevin Mcveigh UBS | Buy | $77 | Maintains | Feb 14, 2024 |
Michael Young Truist Securities | Hold | $60 | Maintains | Feb 14, 2024 |
Kevin Mcveigh UBS | Buy | $72 | Initiates | Nov 7, 2023 |
James Faucette Morgan Stanley | Equal-Weight | $53 | Maintains | Oct 27, 2023 |
Peter Heckmann DA Davidson | Buy | $66 | Maintains | Oct 27, 2023 |
Mayank Tandon Needham | Buy | $62 | Maintains | Oct 27, 2023 |
Peter Heckmann DA Davidson | Buy | $70 | Maintains | Jul 31, 2023 |
Kevin Mcveigh Credit Suisse | Outperform | $85 | Maintains | Jul 28, 2023 |
Patrick O'Shaughnessy Raymond James | Strong Buy | $71 | Maintains | Jul 28, 2023 |
Mayank Tandon Needham | Buy | $71 | Reiterates | Jul 28, 2023 |
When did it IPO
2010
Staff Count
26,600
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. William C. Stone
Market Cap
$18.54B
In 2023, SSNC generated $5.50B in revenue, which was a increase of 4.16% from the previous year. This can be seen as a signal that SSNC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - SS&C Technologies has been chosen by Direxion to provide medallion distribution services for their ETF and mutual fund offerings, enhancing Direxion's distribution capabilities.
Why It Matters - SS&C’s partnership with Direxion enhances its service offerings, potentially increasing revenue and market presence, which may positively impact SSNC's stock performance.
Summary - SS&C Technologies (Nasdaq: SSNC) has signed a definitive agreement to acquire Battea-Class Action Services, enhancing its offerings in securities class action claims management.
Why It Matters - The acquisition enhances SS&C's service offerings, likely boosting revenue and market position, which can positively impact stock performance and investor sentiment.
Summary - SS&C GlobeOp Hedge Fund Performance Index reported a 0.75% performance for August and a 1.21% return for July 2024. The Capital Movement Index showed a 0.39% increase in September net flows.
Why It Matters - The SS&C GlobeOp Hedge Fund Performance Index indicates hedge fund performance trends and capital movement, which can influence investor sentiment and allocation decisions in the market.
Summary - SS&C Technologies has secured a long-term contract with BT, an Australian wealth management firm, for unit registry services through its Global Investor and Distribution Solutions division.
Why It Matters - The long-term agreement with BT enhances SS&C's revenue stability and growth potential, signaling confidence in its services, which can positively influence its stock performance.
Summary - SS&C ALPS Advisors will close the ALPS Global Travel Beneficiaries ETF (JRNY) to new investors on October 16, 2024, and liquidate the fund on October 18, 2024.
Why It Matters - The closure and liquidation of the ALPS Global Travel Beneficiaries ETF may impact investor sentiment and market perception of travel-related investments, potentially affecting related stock prices.
Summary - SS&C Technologies will hold an Analyst Day on September 18, 2024, at the Nasdaq MarketSite in New York, to discuss financial services and healthcare software developments.
Why It Matters - The Analyst Day event may reveal strategic insights and future growth plans for SS&C Technologies, impacting stock performance and investor sentiment.