William Blair analyst Jeff Schmitt has maintained their bullish stance on SSNC stock, giving a Buy rating on July 14.
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Jeff Schmitt has given his Buy rating due to a combination of factors surrounding SS&C Technologies Holdings. The company’s recent acquisition of Calastone for approximately $1 billion is a significant move that enhances its capabilities in fund automation and global distribution. This acquisition aligns with the broader industry trends of digitization and globalization in asset management, positioning SS&C to capitalize on these developments.
Furthermore, the acquisition is expected to be accretive to earnings per share within a year, indicating a positive financial impact. Despite the size of the deal, SS&C is anticipated to maintain substantial debt capacity, suggesting financial stability. With the stock trading at a relatively low multiple of 13 times the projected 2026 earnings per share, Schmitt views this as an attractive opportunity to invest in a strong franchise that is poised for growth in an improving mergers and acquisitions environment.
In another report released on July 14, D.A. Davidson also maintained a Buy rating on the stock with a $98.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.