Equities research analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to announce $433.04 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for SS&C Technologies’ earnings, with the lowest sales estimate coming in at $431.81 million and the highest estimate coming in at $435.75 million. SS&C Technologies posted sales of $400.92 million in the same quarter last year, which suggests a positive year over year growth rate of 8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that SS&C Technologies will report full-year sales of $433.04 million for the current fiscal year, with estimates ranging from $1.67 billion to $1.68 billion. For the next financial year, analysts anticipate that the business will report sales of $1.76 billion per share, with estimates ranging from $1.74 billion to $1.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover SS&C Technologies.
SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share.
In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.69, for a total transaction of $813,800.00. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at approximately $712,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 60,000 shares of company stock worth $2,414,600 in the last quarter. Company insiders own 17.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of SS&C Technologies by 5,137.5% during the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after acquiring an additional 19,739,127 shares during the period. Vanguard Group Inc. boosted its position in shares of SS&C Technologies by 2.6% in the 2nd 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. boosted its position in shares of SS&C Technologies by 4.5% in the 2nd 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 boosted its position in shares of SS&C Technologies by 20.9% in the 2nd 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, Burgundy Asset Management Ltd. boosted its position in shares of SS&C Technologies by 2.6% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,652,366 shares of the technology company’s stock worth $106,492,000 after purchasing an additional 68,110 shares in the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.
SS&C Technologies (NASDAQ:SSNC) traded up $0.41 on Friday, hitting $41.46. The stock had a trading volume of 956,100 shares, compared to its average volume of 792,667. SS&C Technologies has a 1 year low of $29.54 and a 1 year high of $42.50. The stock has a market capitalization of $8,450.58, a P/E ratio of 39.49, a P/E/G ratio of 1.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. SS&C Technologies’s dividend payout ratio (DPR) is 26.67%.
About SS&C Technologies
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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