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Fly News Breaks for November 29, 2016
SSNC
Nov 29, 2016 | 14:08 EDT
Jefferies analyst John DiFucci says he spoke to SS&C Technologies CFO Patrick Pedonti about recent investor concerns. The company's recognition of revenue from deferred revenue has not changed, although it might be different than that of acquired businesses, DiFucci tells investors in a research note, citing his understanding of the situation. He also believes the difficult macro backdrop for alternative asset managers is well-understood and that SS&C continues to execute well. The analyst has a Buy rating on the shares with a $39 price target.
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