Needham & Company reiterates a 'Buy' on SS&C Technologies (SSNC); Raising Estimates For Recent Acquisitions

July 3, 2012 7:38 AM EDT Send to a Friend
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Price: $43.75 -2.17%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 10
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Needham & Company reiterates a 'Buy' on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) price target of $30.00 (from $26.00)

Analyst, Mayank Tandon, said, "Following the closing of the GlobeOp and Portia acquisitions, we are raising our estimates and lifting our 12 month price target to $30. We believe SSNC can overachieve on acquisition-related synergies and deliver sustained earnings outperformance over the next 12-18 months. We are reiterating our recommendation and encourage investors to be especially aggressive if the stock pulls back following the recent strength."

FY12 EPS estimate from $1.20 to $1.37 and FY13 from $1.30 to $1.60.

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 $25.11 yesterday.


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