Analyst Mayank Tandon of Needham reiterated a Buy rating on SS&C Technologies Holdings, with a price target of $105.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight SS&C Technologies Holdings’ strong performance and future potential. The company reported impressive financial results, surpassing expectations in both revenue and earnings, and achieving record levels in these areas. This success is attributed to a solid organic growth rate, particularly driven by the GlobeOp segment, and an overall favorable capital markets environment.
Additionally, SS&C Technologies has been active in strategic acquisitions, such as the purchase of Calastone and Curo Fund Services, which are expected to enhance earnings per share and strengthen client relationships. The company’s commitment to returning capital to shareholders through increased share repurchases, along with expanding margins and continued growth, supports the positive outlook. Consequently, Tandon has raised his estimates and price target for the stock, reinforcing his Buy recommendation.
In another report released on October 17, Raymond James also maintained a Buy rating on the stock with a $101.00 price target.