SS&C price target raised to $74 from $70 at Needham

Needham analyst Mayank Tandon raised the firm’s price target on SS&C to $74 from $70 and keeps a Buy rating on the shares. The company’s Q1 results came in above expectations on the top and bottom line as strength in the Alternatives, Wealth and Investment Technologies, and Intralinks businesses drove solid organic growth of 4.7%, accelerating from 4.5% last quarter, the analyst tells investors in a research note.