Analysts predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will announce $424.31 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for SS&C Technologies Holdings’ earnings. The lowest sales estimate is $422.55 million and the highest is $426.44 million. SS&C Technologies Holdings reported sales of $383.30 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 25th.

On average, analysts expect that SS&C Technologies Holdings will report full-year sales of $424.31 million for the current financial year, with estimates ranging from $1.67 billion to $1.69 billion. For the next 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 research analysts that that provide coverage for SS&C Technologies Holdings.

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

A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. BidaskClub downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating on shares of SS&C Technologies Holdings in a report on Tuesday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. SS&C Technologies Holdings has an average rating of “Buy” and an average target price of $41.75.

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In other news, CFO Patrick J. Pedonti sold 30,000 shares of SS&C Technologies Holdings stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.38, for a total value of $1,211,400.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares in the company, valued at $1,211,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow bought 14,275 shares of SS&C Technologies Holdings stock in a transaction dated Thursday, August 10th. The stock was acquired 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. Insiders sold 90,000 shares of company stock valued at $3,503,100 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies Holdings by 5,137.5% in the second quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after purchasing an additional 19,739,127 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of SS&C Technologies Holdings by 2.6% in the second quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock worth $529,806,000 after purchasing an additional 343,969 shares in the last quarter. BlackRock Inc. increased its stake in shares of SS&C Technologies Holdings by 4.5% in the second quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock worth $330,563,000 after purchasing an additional 373,193 shares in the last quarter. State Street Corp increased its stake in shares of SS&C Technologies Holdings by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock worth $115,706,000 after purchasing an additional 521,727 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of SS&C Technologies Holdings by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,381,112 shares of the technology company’s stock worth $91,459,000 after purchasing an additional 199,564 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Shares of SS&C Technologies Holdings (NASDAQ SSNC) traded down 0.12% on Tuesday, reaching $42.05. 352,774 shares of the company were exchanged. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $42.48. The firm has a market capitalization of $8.63 billion, a PE ratio of 44.83 and a beta of 1.12. The company’s 50 day moving average is $39.81 and its 200 day moving average is $38.39.

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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