Needham raised the firm’s price target on SS&C to $105 from $100 and keeps a Buy rating on the shares. The company posted top and bottom line numbers above expectations while generating record revenues and EBITDA, the analyst tells investors in a research note. SS&C also completed its acquisition of Calastone for $1.03B, which should be accretive to EPS, and recently announced the acquisition of Curo Fund Services, which deepens its relationships with current clients, the firm added.
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