SS&C Technologies Analysts Increase Their Forecasts Following Strong Results
Portfolio Pulse from Avi Kapoor
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) reported Q4 results surpassing expectations with adjusted earnings of $1.26 per share and sales of $1.41 billion. The company forecasts FY24 adjusted revenue between $5.667 billion and $5.867 billion, and EPS between $4.85 and $5.15. Following the announcement, SSNC shares rose 4.2% to $62.69. Analysts from Needham and RBC Capital raised their price targets for SSNC to $70 and $72, respectively.
February 14, 2024 | 6:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SS&C Technologies exceeded Q4 expectations and provided a strong FY24 forecast, leading to a share price increase and raised price targets by analysts.
The positive earnings report and optimistic FY24 forecast indicate strong financial health and growth prospects for SS&C Technologies, which has led to an immediate positive reaction in its stock price. The raised price targets by Needham and RBC Capital further validate the bullish outlook for the stock, suggesting a potential for continued short-term appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100