Wall Street brokerages expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to post sales of $424.66 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for SS&C Technologies Holdings’ earnings, with estimates ranging from $423.24 million to $426.44 million. SS&C Technologies Holdings reported sales of $383.30 million in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The company is expected to issue its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that SS&C Technologies Holdings will report full year sales of $424.66 million for the current year, with estimates ranging from $1.67 billion to $1.69 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.77 billion per share, with estimates ranging from $1.75 billion to $1.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover SS&C Technologies Holdings.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The company had revenue of $414.10 million for the quarter, compared to analyst estimates of $413.33 million. During the same period in the prior year, the firm earned $0.39 earnings per share. SS&C Technologies Holdings’s revenue for the quarter was up 7.7% on a year-over-year basis.

SSNC has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a research report on Thursday, July 6th. Deutsche Bank AG restated a “hold” rating and set a $39.00 price target (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Needham & Company LLC restated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Zacks Investment Research upgraded SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.44.

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SS&C Technologies Holdings (NASDAQ SSNC) opened at 38.04 on Friday. SS&C Technologies Holdings has a 12 month low of $28.43 and a 12 month high of $40.21. The stock’s 50 day moving average price is $38.12 and its 200-day moving average price is $37.48. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 40.55 and a beta of 1.15.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.07 per share. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. SS&C Technologies Holdings’s payout ratio is presently 29.79%.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of SS&C Technologies Holdings stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares in the company, valued at $1,134,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Jay Zamkow acquired 14,275 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. 17.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in SSNC. Great West Life Assurance Co. Can raised its stake in SS&C Technologies Holdings by 13.4% during the first quarter. Great West Life Assurance Co. Can now owns 20,356 shares of the technology company’s stock valued at $720,000 after buying an additional 2,400 shares during the last quarter. First Trust Advisors LP raised its stake in SS&C Technologies Holdings by 16.2% during the first quarter. First Trust Advisors LP now owns 124,428 shares of the technology company’s stock valued at $4,405,000 after buying an additional 17,387 shares during the last quarter. Advisors Asset Management Inc. raised its stake in SS&C Technologies Holdings by 6.1% during the first quarter. Advisors Asset Management Inc. now owns 22,871 shares of the technology company’s stock valued at $810,000 after buying an additional 1,319 shares during the last quarter. American Century Companies Inc. purchased a new position in SS&C Technologies Holdings during the first quarter valued at $4,866,000. Finally, Bank of New York Mellon Corp raised its stake in SS&C Technologies Holdings by 12.8% during the first quarter. Bank of New York Mellon Corp now owns 1,603,211 shares of the technology company’s stock valued at $56,754,000 after buying an additional 182,324 shares during the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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Earnings History and Estimates for SS&C Technologies Holdings (NASDAQ:SSNC)

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