Analysts Expect SS&C Technologies Holdings, Inc. (SSNC) Will Post Earnings of $0.82 Per Share

Wall Street brokerages predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will report $0.82 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SS&C Technologies’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.86. SS&C Technologies reported earnings per share of $0.54 in the same quarter last year, which would suggest a positive year over year growth rate of 51.9%. The business is scheduled to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that SS&C Technologies will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.78 to $2.83. For the next year, analysts forecast that the firm will post earnings of $3.41 per share, with EPS estimates ranging from $2.97 to $3.64. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 posted $0.50 earnings per share. The firm’s quarterly revenue was up 137.3% compared to the same quarter last year.

A number of research firms recently issued reports on SSNC. Zacks Investment Research downgraded shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Friday, July 27th. JPMorgan Chase & Co. set a $70.00 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a report on Tuesday, October 23rd. DA Davidson upgraded shares of SS&C Technologies from a “neutral” rating to a “buy” rating in a report on Friday, November 16th. BidaskClub downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, ValuEngine upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.42.

In other SS&C Technologies news, Director Jonathan E. Michael bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $44.58 per share, for a total transaction of $445,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Smita Conjeevaram bought 3,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were acquired at an average price 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 $145,560. The disclosure for this purchase can be found here. Insiders have acquired 35,714 shares of company stock valued at $1,672,420 in the last quarter. Company insiders own 17.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of SS&C Technologies by 2.4% in the second quarter. Janus Henderson Group PLC now owns 18,785,433 shares of the technology company’s stock valued at $974,963,000 after acquiring an additional 432,851 shares during the period. BlackRock Inc. boosted its position in shares of SS&C Technologies by 2.8% in the third quarter. BlackRock Inc. now owns 11,363,016 shares of the technology company’s stock valued at $645,761,000 after acquiring an additional 312,983 shares during the period. FMR LLC boosted its position in shares of SS&C Technologies by 14.9% in the third quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after acquiring an additional 1,161,159 shares during the period. Morgan Stanley boosted its position in shares of SS&C Technologies by 1,929.5% in the second quarter. Morgan Stanley now owns 4,228,968 shares of the technology company’s stock valued at $219,484,000 after acquiring an additional 4,020,592 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of SS&C Technologies by 4.3% in the third quarter. Allianz Asset Management GmbH now owns 2,889,593 shares of the technology company’s stock valued at $164,215,000 after acquiring an additional 118,645 shares during the period. Institutional investors own 84.57% of the company’s stock.

NASDAQ SSNC traded up $0.69 during trading hours on Thursday, reaching $45.54. 1,281,103 shares of the company were exchanged, compared to its average volume of 1,759,700. SS&C Technologies has a 1 year low of $39.73 and a 1 year high of $60.97. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $10.79 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Saturday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. SS&C Technologies’s dividend payout ratio is presently 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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