SS&C Technologies Holdings (SSNC) Receives a Buy from Needham

In a report released today, Mayank Tandon from Needham maintained a Buy rating on SS&C Technologies Holdings (SSNCResearch Report), with a price target of $75.00. The company’s shares closed last Wednesday at $61.53.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 10.6% and a 49.5% success rate. Tandon covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Grid Dynamics Holdings, and Sapiens International.

SS&C Technologies Holdings has an analyst consensus of Strong Buy, with a price target consensus of $77.33, implying a 26.5% upside from current levels. In a report issued on July 19, RBC Capital also maintained a Buy rating on the stock with a $81.00 price target.

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SS&C Technologies Holdings’ market cap is currently $15.68B and has a P/E ratio of 20.62.

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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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