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.
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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