SS&C Technologies (NASDAQ:SSNC – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.98-5.22 for the period, compared to the consensus earnings per share estimate of $5.11. The company issued revenue guidance of $5.706-5.866 billion, compared to the consensus revenue estimate of $5.78 billion. SS&C Technologies also updated its Q3 guidance to $1.21-1.27 EPS.
SS&C Technologies Stock Up 1.0 %
Shares of NASDAQ SSNC traded up $0.69 on Thursday, hitting $68.02. The company had a trading volume of 1,251,209 shares, compared to its average volume of 953,107. The firm has a market capitalization of $16.82 billion, a P/E ratio of 27.10 and a beta of 1.38. SS&C Technologies has a 12-month low of $46.61 and a 12-month high of $69.49. The business has a 50 day moving average of $63.02 and a two-hundred day moving average of $62.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. As a group, equities research analysts forecast that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.
SS&C Technologies Announces Dividend
Wall Street Analyst Weigh In
SSNC has been the subject of several analyst reports. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a buy rating in a report on Friday, April 26th. Jefferies Financial Group upped their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a hold rating in a report on Monday, April 29th. Finally, DA Davidson increased their price target on SS&C Technologies from $78.00 to $84.00 and gave the company a buy rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $70.80.
Check Out Our Latest Stock Analysis on SSNC
Insider Transactions at SS&C Technologies
In other SS&C Technologies news, Director Michael Jay Zamkow sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $63.14, for a total value of $315,700.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at $2,399,320. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 32,500 shares of company stock valued at $2,027,750 in the last ninety days. 15.40% of the stock is currently owned by corporate insiders.
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-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.
Read More
- Five stocks we like better than SS&C Technologies
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Market Cap Calculator: How to Calculate Market Cap
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What Investors Need to Know to Beat the Market
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.