RBC Raises SS&C Technologies Price Target to $92.00

Royal Bank Of Canada (RBC) raised its price target for SS&C Technologies from $89.00 to $92.00 in a research note issued on Friday.

The brokerage has an 'outperform' rating on the technology company's stock and suggests a potential upside of 23.73% from the company's previous close.

This is not the first time RBC has increased its target price for SS&C Technologies; in April, UBS Group raised its target price to $115.00 from $112.00 with a 'buy' rating, while Morgan Stanley reduced its target price from $86.00 to $78.00 and set an 'equal weight' rating.

Currently, 16% of SS&C Technologies stock is owned by corporate insiders, and institutional investors own 96.90% of the company's shares.