Raymond James Maintains Strong Buy Rating for SS&C Techs Hldgs: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of SS&C Techs Hldgs SSNC and lower its price target from $74.00 to $71.00.

Shares of SS&C Techs Hldgs are trading down 5.65% over the last 24 hours, at $57.98 per share.

A move to $71.00 would account for a 22.46% increase from the current share price.

About SS&C Techs Hldgs

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.