Royal Bank Of Canada Increases SS&C Technologies (NASDAQ:SSNC) Price Target to $92.00

SS&C Technologies (NASDAQ:SSNC) had its price objective hoisted by Royal Bank Of Canada from $89.00 to $92.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 23.73% from the company’s current price.

A number of other brokerages also recently weighed in on SSNC. UBS Group boosted their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research report on Wednesday, July 15th. Jefferies Financial Group dropped their target price on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Weiss Ratings downgraded shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.25.

SS&C Technologies Stock Performance

SS&C Technologies stock traded up $7.41 during mid-day trading on Friday, reaching $74.36. 1,411,527 shares of the company’s stock were exchanged, compared to its average volume of 2,355,602. The business’s fifty day simple moving average is $66.79 and its 200 day simple moving average is $71.63. The firm has a market capitalization of $17.91 billion, a PE ratio of 23.05 and a beta of 1.11. SS&C Technologies has a one year low of $61.40 and a one year high of $91.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. On average, sell-side analysts expect that SS&C Technologies will post 6.17 earnings per share for the current year.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares in the company, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares of the company’s stock, valued at approximately $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,740 shares of company stock worth $583,576. Insiders own 16.00% of the company’s stock.

Hedge Funds Weigh In On SS&C Technologies

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of SS&C Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of SS&C Technologies by 1.4% in the fourth quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock valued at $901,613,000 after acquiring an additional 137,691 shares during the period. State Street Corp boosted its position in shares of SS&C Technologies by 2.1% in the fourth quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock valued at $530,125,000 after acquiring an additional 125,580 shares during the period. Bank of Montreal Can grew its stake in SS&C Technologies by 4,424.6% during the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after acquiring an additional 5,012,893 shares in the last quarter. Finally, Swedbank AB grew its stake in SS&C Technologies by 15.0% during the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock valued at $291,078,000 after acquiring an additional 563,196 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Trending Headlines about SS&C Technologies

Here are the key news stories impacting SS&C Technologies this week:

• Positive Sentiment: SS&C posted Q2 adjusted EPS of $1.76, topping the $1.68 consensus estimate, while revenue of $1.70 billion also beat expectations of $1.66 billion. Article Title
• Positive Sentiment: The company raised FY 2026 EPS guidance to $6.93-$7.25, above Wall Street’s $6.75 estimate, and Q3 EPS guidance to $1.73-$1.79 versus a $1.69 consensus, signaling confidence in continued earnings growth. Article Title
• Neutral Sentiment: Investor focus will likely be on the earnings call transcript and management commentary for details on margins, demand trends, and whether the company can sustain its growth trajectory. Article Title
• Neutral Sentiment: Additional coverage reiterated the earnings beat and record quarterly results, reinforcing the market’s positive reaction to the report. Article Title

SS&C Technologies Company Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.