Analysts expect that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will announce $430.52 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for SS&C Technologies’ earnings, with estimates ranging from $419.10 million to $435.24 million. SS&C Technologies reported sales of $407.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The business is expected to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that SS&C Technologies will report full-year sales of $430.52 million for the current financial year, with estimates ranging from $1.73 billion to $1.78 billion. For the next financial year, analysts expect that the company will post sales of $1.85 billion per share, with estimates ranging from $1.82 billion to $1.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow SS&C Technologies.
SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. SS&C Technologies had a net margin of 19.63% and a return on equity of 15.39%. The business had revenue of $439.40 million for the quarter, compared to the consensus estimate of $433.44 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.
In other news, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $49.73, for a total value of $994,600.00. Following the transaction, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $994,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 17.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SSNC. Ladenburg Thalmann Financial Services Inc. increased its position in SS&C Technologies by 81.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,152 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in SS&C Technologies in the fourth quarter worth $124,000. American International Group Inc. bought a new stake in SS&C Technologies in the fourth quarter worth $164,000. PEAK6 Investments L.P. increased its position in SS&C Technologies by 177.1% in the third quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock worth $277,000 after purchasing an additional 15,875 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in SS&C Technologies by 243.8% in the third quarter. Toronto Dominion Bank now owns 7,324 shares of the technology company’s stock worth $294,000 after purchasing an additional 5,194 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.
SS&C Technologies (SSNC) opened at $52.12 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.75. SS&C Technologies has a 1-year low of $34.75 and a 1-year high of $52.63. The firm has a market cap of $10,670.00, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 28th. SS&C Technologies’s dividend payout ratio (DPR) is presently 24.56%.
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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