Deutsche Bank Reinstates Coverage on SS&C Technologies (SSNC) at Hold; Acquisitions Provide Growth, But Environment Mixed

June 7, 2012 7:06 AM EDT
Get Alerts SSNC Hot Sheet
Price: $31.06 -0.74%

Rating Summary:
    10 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 13
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Deutsche Bank reinstates coverage on SS&C Technologies (NASDAQ: SSNC) with a Hold. PT $24.00.

Deutsche analyst said, "Although 1Q12 organic revenue growth slowed down (3.4% Y/Y) due to weak license sales, we believe the company can deliver 6-8% organic growth in FY12 as license revenues rebound and strength in Software Enabled Services manifests. However, a mixed demand environment in financial services due to macroeconomic uncertainty could potentially slowdown sales cycle. Positively, GlobeOp and Portia acquisitions should be meaningfully accretive in the first year, driven by cross-selling opportunities and cost synergies."

For an analyst ratings summary and ratings history on SS&C Technologies click here. For more ratings news on SS&C Technologies click here.

Shares of SS&C Technologies closed at $23.74 yesterday.

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