Deutsche Bank Starts SS&C Technologies Holdings, Inc. (SSNC) at Hold; Customer Base Challenged

Deutsche Bank initiates coverage on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) with a Hold. PT $17.00.

Deutsche analyst says, "SS&C is a leading provider of mission-critical software and software-enabled services for the financial services industry. Although its organic growth has been sliding the last few quarters (most recently 4% in 2Q11), we believe 3Q11 organic growth could accelerate towards 6-8% in 3Q11. However, we remain cautious on the medium-to-longer term brokerage selling environment and see limited room for upside to the already robust adjusted EBITDA margins."

For more ratings news on SS&C Technologies Holdings, Inc. click here and for the rating history of SS&C Technologies Holdings, Inc. click here.

Shares of SS&C Technologies Holdings, Inc. closed at $14.64 yesterday.

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