Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com - DA Davidson raised its price target on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to $102.00 from $98.00 on Thursday, while maintaining a Buy rating on the stock.
The price target increase follows SS&C’s second-quarter results, which exceeded DA Davidson’s forecasts with total revenue 1% above expectations and adjusted EBITDA 3% higher than anticipated.
SS&C Technologies management also modestly increased the midpoints of their prior 2025 guidance ranges following the strong quarterly performance.
DA Davidson has fine-tuned its forecasts in response to the results, raising its adjusted EBITDA forecasts for 2025 by 1% and for 2026 by 3%-4%.
The firm’s decision to maintain its Buy rating alongside the higher price target reflects continued confidence in SS&C Technologies’ business outlook.
In other recent news, SS&C Technologies Holdings Inc. reported its second-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.45, surpassing the projected $1.39. Additionally, SS&C Technologies recorded a record adjusted revenue of $1.54 billion, which was higher than the anticipated $1.51 billion. These results highlight the company’s strong financial performance during the quarter. The earnings announcement was followed by a slight increase in the company’s stock price. While the stock price movement is notable, the focus remains on the impressive earnings and revenue figures. The financial results reflect positively on SS&C Technologies’ operational capabilities.
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