Needham Believes SS&C Technologies Holdings (NASDAQ: SSNC) Won’t Stop Here

By Carrie Williams

Needham analyst Mayank Tandon reiterated a Buy rating on SS&C Technologies Holdings (NASDAQ: SSNC) yesterday and set a price target of $60. The company’s shares closed yesterday at $50.34, close to its 52-week high of $51.39.

According to, Tandon is a 5-star analyst with an average return of 19.2% and a 68.3% success rate. Tandon covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Bottomline Technologies, and Exlservice Holdings.

Currently, the analyst consensus on SS&C Technologies Holdings is Strong Buy and the average price target is $51.50, representing a 2.3% upside.

In a report issued on January 4, RBC Capital also reiterated a Buy rating on the stock with a $48 price target.

SS&C Technologies Holdings’ market cap is currently $10.36B and has a P/E ratio of 47.94. The company has a book value ratio of 4.1320.

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SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions. Its portfolio of products provides functions including trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, performance measurement, reconciliation, reporting, processing and clearing. It caters to the institutional asset and wealth management, alternative investment management, financial advisory, and financial institutions vertical markets. It operates through the following geographical segments: United States; Canada; Americas excluding United States and Canada; United Kingdom; Europe Excluding United Kingdom; and Asia-Pacific and Japan. . The company was founded by William C. Stone in February 1986 and is headquartered in Windsor, CT.