DA Davidson Reiterates Buy Rating on SS&C Technologies Holdings, Inc. (SSNC) Into Q2 Earnings
DA Davidson analyst Peter Heckmann reiterated a Buy rating and $96.00 price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC).
The analyst commented, "We expect the company will meet (or modestly exceed) our forecasts for the quarter and we anticipate management will affirm or modestly fine-tune their prior 2026 guidance. We are maintaining our BUY rating on SS&C with a $96 price target. For the second quarter, we are forecasting 8% Y/Y growth in adjusted revenue to $1.66B (matching the consensus). We expect constant currency, organic growth of 5.2% plus roughly $34M-$36M in revenue from two acquisitions made in the last year. We are forecasting adjusted EBITDA increased 9% Y/Y to $656M (with the consensus at $661M), with related margins up 50bp Y/Y to 39.6%. We are forecasting Non-GAAP EPS increased 12% Y/Y to $1.67 (with the consensus at $1.68)."
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 $66.79 yesterday.
