UPDATE: Credit Suisse Starts SS&C Technologies Holdings, Inc. (SSNC) at Outperform

January 7, 2022 4:31 AM EST
Get Alerts SSNC Hot Sheet
Price: $60.94 -1.1%

Rating Summary:
    16 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 31 | New: 13
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(Updated - January 7, 2022 4:43 AM EST)

Credit Suisse analyst Kevin McVeigh initiates coverage on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) with a Outperform rating and a price target of $105.00.

The analyst comments "We initiate coverage of SS&C Technologies Holdings (SSNC) with an Outperform rating and a Street-high $105 target price. SS&C offers investors a unique opportunity to potentially benefit from the disruption in financial services fueled, in part, by substantial data needs amid an ever-increasing asset complexity. SS&C delivers software applications that help clients comply with complex financial services [~90% revenue] and healthcare [~10%] requirements. These applications help manage trading functions, accounting records, and interactions with investors. As such, we see a well-positioned, predictable model, coupled with constructive fundamentals positioned for core consistent 4-7% organic revenue growth. We believe SS&C is poised to outperform as its 6.3% FCF yield is a result of an extensive focus on process automation, product depth spanning the entire value chain, and alternative fund administration leadership."

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 $82.95 yesterday.

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