UPDATE: JPMorgan Upgrades SS&C Technologies Holdings, Inc. (SSNC) to Overweight

December 14, 2021 4:16 AM EST
Get Alerts SSNC Hot Sheet
Price: $60.99 -1.02%

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 - December 14, 2021 4:56 AM EST)

JPMorgan analyst Jackson Ader upgraded SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) from Neutral to Overweight with a price target of $95.00 (from $86.00).

The analyst comments "SS&C Technologies is a leading provider of software to the financial services industry. The company has pursued an aggressive M&A strategy, acquiring over 50 companies in the 30+ years it has been in business, allowing the company to expand across geographies and product lines. We like the company’s recent bids for Australian-based financial technology companies and its interest in Blue Prism and believe that if the company were to close on something of significant size shares would benefit from early synergy capture, which leads us to our upgrade to Overweight."

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 $78.16 yesterday.

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