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

UBS analyst Kevin McVeigh reiterated a Buy rating and $105.00 price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC).

The analyst commented, "SS&C announced the acquisition of Calastone—largest global funds network and provider of technology solutions to the wealth and asset management industries—from Carlyle. The deal is expected to close in Q425 and SS&C expects to fund the acquisition with debt + cash… Being the largest global funds network and leading provider of technology solutions to the wealth and asset management industries, Calastone connects more than 4,500 of the world's leading financial organizations across 57 markets processing over £250 billion of investment value per month. By combining its solutions with SSNC, the deal is expected to fortify SSNC's fund administration, AI and intelligent automation execution—by delivering a unified platform, aiming to reduce cost and complexity to the global fund ecosystem. With this, SSNC expects the deal to bring "enhanced distribution, investor servicing, and operational scalability" by proving innovation and diversify products."

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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