SS&C price target raised to $70 from $62 at Needham

Needham raised the firm’s price target on SS&C to $70 from $62 and keeps a Buy rating on the shares. The company’s Q4 results came in above expectations on the top and bottom line, fueled by broad-based improvement in organic growth to 4.5% from last year, the analyst tells investors in a research note. Intralinks, Alternatives, and Retirement businesses continue to lead the way, but SS&C also saw improvement in its Advent and Eze segments, the firm added.