DA Davidson cuts SS&C stock target to $100, keeps buy rating

On Friday, DA Davidson adjusted its outlook on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), reducing the price target to $100 from the previous $102 while retaining a Buy rating on the company's shares. The adjustment comes ahead of the company's first-quarter earnings report, which is scheduled for release after the market closes on Thursday, April 24, 2025, followed by a conference call at 5:00 PM ET.

Analysts at DA Davidson anticipate that SS&C Technologies will either meet or slightly surpass their projections for the quarter. Despite the volatility in the markets and the uncertainty stemming from new tariff policies, the firm believes that SS&C is poised to either maintain or make minor adjustments to their annual guidance.

The decision to maintain the Buy rating suggests a continued positive outlook on SS&C's performance, notwithstanding the modest reduction in the price target. The company, known for providing software and software-enabled services to the financial services industry, has been navigating the challenges presented by the current economic environment.

DA Davidson's commentary highlighted the resilience of SS&C amid market turmoil and policy changes, indicating a belief in the company's ability to sustain its business trajectory. The analyst's statement conveyed a sense of confidence in SS&C's forthcoming quarterly results and its capacity to uphold its yearly forecasts.

Investors and stakeholders in SS&C Technologies will be looking forward to the company's first-quarter earnings report on April 24, 2025, for further insights into its financial health and strategic direction for the remainder of the year. The updated price target and maintained Buy rating by DA Davidson will be among the factors considered by the market as it evaluates SS&C's position within the industry.

In other recent news, SS&C Technologies Holdings, Inc. has reported strong fourth-quarter earnings, with total revenue and adjusted EBITDA surpassing DA Davidson's estimates by 3% and 1%, respectively. The company has also provided initial guidance for 2025, anticipating year-over-year growth in adjusted revenue between 3.4% and 6.1%, and adjusted earnings per share (EPS) projected to increase by 4% to 10%. Following these results, DA Davidson raised its price target for SS&C to $102, maintaining a Buy rating. Similarly, Needham analysts increased their price target to $105, noting a 7% year-over-year increase in organic growth, with particular strength in the intelligent automation and analytics segment. UBS has also reiterated its Buy rating with a $105 price target, highlighting SS&C's strategic investments and organic revenue growth. Additionally, SS&C announced the appointment of Francesco Vanni d'Archirafi as a new independent director to its Board of Directors, bringing extensive experience from his leadership roles in various financial institutions. These developments indicate a positive outlook for SS&C Technologies, as reflected by the confidence from multiple analyst firms.

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