JPMorgan initiated coverage of SS&C with an Overweight rating and $68 price target. The company has an "unexciting" organic growth profile, but it is highly cash generative and offers 5% shareholder remuneration, the analyst tells investors in a research note. The firm views the demand environment for financial services software as supportive as clients look for cost optimization. It says SS&C "trades on compelling multiples."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SSNC:
- ALERIAN ENERGY INFRASTRUCTURE ETF DECLARES FIRST QUARTER DISTRIBUTION OF $0.31493
- ALERIAN MLP ETF DECLARES FIRST QUARTER DISTRIBUTION OF $0.77
- SS&C price target raised to $76 from $65 at Needham
- SS&C price target raised to $78 from $70 at Credit Suisse
- SS&C price target raised to $74 from $63 at Raymond James
