DA Davidson Reiterates Buy Rating on SS&C Technologies Holdings, Inc. (SSNC)

DA Davidson analyst Peter Heckmann reiterated a Buy rating and $98.00 price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC).

The analyst commented, "SS&C Technologies announced a definitive agreement to acquire Calastone from Carlyle for £766 million (US $1.0B). Headquartered in London, Calastone is a leading provider of technology solutions to the wealth and asset management industries. Given our forecast for nearly $1.2B in free cash flow in 2025, we think SS&C has good flexibility to reduce debt, pursue additional acquisitions and/ or repurchase shares. We are maintaining our BUY rating on SS&C and our $98 price target."

For an analyst ratings summary and ratings history on SS&C Technologies Holdings, Inc. click here. For more ratings news on SS&C Technologies Holdings, Inc. click here.

Shares of SS&C Technologies Holdings, Inc. closed at $83.21 yesterday.

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