SS&C Technologies (NASDAQ:SSNC) Releases Q2 2021 Earnings Guidance


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SS&C Technologies (NASDAQ:SSNC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.100-1.160 for the period, compared to the Thomson Reuters consensus estimate of $1.110. The company issued revenue guidance of $1.19 billion-$1.23 billion, compared to the consensus revenue estimate of $1.18 billion.SS&C Technologies also updated its FY 2021 guidance to 4.540-4.760 EPS.

Several equities research analysts have recently commented on SSNC shares. DA Davidson boosted their price target on shares of SS&C Technologies from $80.00 to $84.00 and gave the company a buy rating in a report on Monday. Zacks Investment Research downgraded shares of SS&C Technologies from a buy rating to a hold rating in a research report on Tuesday. Raymond James upped their price objective on shares of SS&C Technologies from $78.00 to $93.00 and gave the company a strong-buy rating in a report on Monday. BTIG Research upped their price objective on shares of SS&C Technologies from $72.00 to $85.00 and gave the stock a buy rating in a research report on Thursday, January 7th. Finally, Needham & Company LLC increased their target price on shares of SS&C Technologies from $80.00 to $90.00 and gave the company a buy rating in a research report on Monday. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. SS&C Technologies presently has a consensus rating of Buy and an average target price of $76.50.

SS&C Technologies stock traded down $0.79 during mid-day trading on Tuesday, hitting $73.18. The company’s stock had a trading volume of 12,578 shares, compared to its average volume of 1,343,120. SS&C Technologies has a 52-week low of $51.54 and a 52-week high of $75.94. The firm’s 50 day moving average is $71.18 and its 200 day moving average is $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $18.71 billion, a PE ratio of 34.40 and a beta of 1.56.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Sunday, April 25th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.08. SS&C Technologies had a return on equity of 20.42% and a net margin of 12.20%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts forecast that SS&C Technologies will post 3.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, February 26th. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.87%. SS&C Technologies’s payout ratio is 17.68%.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting, front-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

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

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