Jefferies Downgrades SS&C Technologies Holdings, Inc. (SSNC) to Hold
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Price: $32.19 +0.59%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade SSNC Now!
Jefferies downgraded SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) from Buy to Hold with a price target of $25.00 (from $25.00).
“We believe that the stock is discounting the outlined synergies from the GlobeOp/ Portia transactions as well as a re-acceleration in organic growth as the company refocuses on sales execution,” said analyst Ross MacMillan. “ We like SSNC's position in the financial technology landscape, but view the shares as fairly valued.”
“Our $25PT is based on 15X our CY13 NG EPS est of $1.62 at end CY12 or our just over 11X our CY13 EV/ EBITDA estimate. Given the organic growth profile of the combined entity (mid to upper single digit), we think this valuation is fair,” he added.
For an analyst ratings summary and ratings history on SS&C Technologies Holdings, Inc. click here. For more ratings news on SS&C Technologies Holdings, Inc. click here.
Shares of SS&C Technologies Holdings, Inc. closed at $25.29 yesterday, with a 52 week range of $13.28-$27.04.
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“We believe that the stock is discounting the outlined synergies from the GlobeOp/ Portia transactions as well as a re-acceleration in organic growth as the company refocuses on sales execution,” said analyst Ross MacMillan. “ We like SSNC's position in the financial technology landscape, but view the shares as fairly valued.”
“Our $25PT is based on 15X our CY13 NG EPS est of $1.62 at end CY12 or our just over 11X our CY13 EV/ EBITDA estimate. Given the organic growth profile of the combined entity (mid to upper single digit), we think this valuation is fair,” he added.
For an analyst ratings summary and ratings history on SS&C Technologies Holdings, Inc. click here. For more ratings news on SS&C Technologies Holdings, Inc. click here.
Shares of SS&C Technologies Holdings, Inc. closed at $25.29 yesterday, with a 52 week range of $13.28-$27.04.
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