Analysts expect that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will report earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SS&C Technologies’ earnings. The lowest EPS estimate is $0.69 and the highest is $0.85. SS&C Technologies posted earnings of $0.54 per share in the same quarter last year, which would suggest a positive year over year growth rate of 51.9%. The firm is expected to issue its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that SS&C Technologies will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.82. For the next financial year, analysts expect that the company will post earnings of $3.43 per share, with EPS estimates ranging from $2.97 to $3.61. Zacks Investment Research’s EPS averages are a mean 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 data on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 15.04%. The company had revenue of $992.40 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $0.50 earnings per share. SS&C Technologies’s revenue for the quarter was up 137.3% on a year-over-year basis.
SSNC has been the subject of several recent research reports. Deutsche Bank raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $57.00 to $72.00 in a research report on Monday, September 10th. JPMorgan Chase & Co. set a $70.00 price objective on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Tuesday, October 23rd. DA Davidson downgraded shares of SS&C Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $62.00 to $60.00 in a research report on Friday, September 7th. BidaskClub raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Finally, ValuEngine raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.36.
In related news, Director Michael Jay Zamkow purchased 22,100 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was acquired at an average price of $47.53 per share, with a total value of $1,050,413.00. Following the completion of the transaction, the director now owns 21,000 shares of the company’s stock, valued at $998,130. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Smita Conjeevaram purchased 3,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $48.52 per share, with a total value of $145,560.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $145,560. The disclosure for this purchase can be found here. Insiders have bought 35,714 shares of company stock valued at $1,672,420 in the last three months. Corporate insiders own 17.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in shares of SS&C Technologies during the third quarter worth approximately $2,874,000. Vanguard Group Inc. lifted its stake in SS&C Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 17,575,740 shares of the technology company’s stock worth $998,830,000 after purchasing an additional 176,195 shares during the last quarter. Legal & General Group Plc lifted its stake in SS&C Technologies by 183.2% during the third quarter. Legal & General Group Plc now owns 777,930 shares of the technology company’s stock worth $44,210,000 after purchasing an additional 503,199 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in SS&C Technologies by 5,516.5% during the third quarter. Rehmann Capital Advisory Group now owns 67,173 shares of the technology company’s stock worth $1,182,000 after purchasing an additional 65,977 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in SS&C Technologies by 3,849.1% during the third quarter. Nordea Investment Management AB now owns 217,517 shares of the technology company’s stock worth $12,362,000 after purchasing an additional 212,009 shares during the last quarter. 83.90% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:SSNC opened at $46.53 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.58 and a quick ratio of 1.58. SS&C Technologies has a 52-week low of $39.73 and a 52-week high of $60.97. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.38 and a beta of 1.21.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Saturday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 29th. SS&C Technologies’s payout ratio is currently 17.88%.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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