SS&C Technologies (NASDAQ:SSNC) Issues Earnings Results

SS&C Technologies (NASDAQ:SSNC) posted its earnings results on Thursday. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07, Briefing.com reports. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.52%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $4.27 during trading hours on Friday, hitting $72.29. The company had a trading volume of 2,959,802 shares, compared to its average volume of 867,725. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 28.80 and a beta of 1.38. SS&C Technologies has a 52 week low of $46.61 and a 52 week high of $73.30. The firm has a 50 day simple moving average of $63.27 and a 200 day simple moving average of $62.60.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. SS&C Technologies’s payout ratio is 38.25%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson boosted their price objective on SS&C Technologies from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group increased their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada increased their target price on shares of SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total value of $639,400.00. Following the sale, the director now directly owns 38,000 shares in the company, valued at approximately $2,429,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 32,500 shares of company stock worth $2,027,750 over the last ninety days. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Company Profile

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.