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On July 28, 2023, Raymond James maintained a Strong Buy recommendation for SS&C Technologies Holdings (NASDAQ:SSNC). The average one-year price target is $68.41, suggesting a potential upside of 19.49% from its latest closing price of $57.25.
SS&C reported projected annual revenue of $5.583 billion, a 4.34% increase, and a non-GAAP EPS of $5.09. The company declared a quarterly dividend of $0.20 per share, resulting in a dividend yield of 1.40%, which is significantly above its historical average of 0.97%.
As of the last quarter, 1,001 funds reported positions in SS&C, a decrease of 39 investors. The total shares owned by institutions dropped by 1.48% to 251,189K shares, with a put/call ratio of 0.87 indicating a bullish sentiment.
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