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Fly News Breaks for May 1, 2019
SSNC
May 1, 2019 | 05:24 EDT
While SS&C Technologies' Q1 revenue growth was in-line with estimates, its organic growth came in light of guidance and the outlook for full year organic growth is coming down ~50 basis points, JPMorgan analyst Jackson Ader tells investors in a post-earnings research note tiled "Bumpy Growth Outlook." However, the company's profitability continues its "upward march," with acquisition synergies still delivering upside to earnings, adds the analyst. He believes the stock's selloff post the earnings report "feels overdone" and keeps an Overweight rating on SS&C with a $70 price target.