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

SS&C Technologies (NASDAQ:SSNC) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.16-1.22 for the period, compared to the consensus earnings per share estimate of $1.21. The company issued revenue guidance of $1.412-1.452, compared to the consensus revenue estimate of $1.43 billion. SS&C Technologies also updated its FY 2024 guidance to 4.930-5.170 EPS.

SS&C Technologies Stock Down 0.1 %

Shares of SS&C Technologies stock traded down $0.07 on Friday, hitting $61.24. The company had a trading volume of 1,583,612 shares, compared to its average volume of 961,173. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 24.40 and a beta of 1.43. SS&C Technologies has a 1 year low of $46.61 and a 1 year high of $65.86. The stock has a 50 day moving average of $62.78 and a 200-day moving average of $59.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. As a group, sell-side analysts forecast that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SSNC shares. TheStreet raised SS&C Technologies from a c+ rating to a b rating in a research note on Friday, February 23rd. StockNews.com raised SS&C Technologies from a buy rating to a strong-buy rating in a research report on Monday, January 29th. UBS Group increased their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a buy rating in a research report on Wednesday, February 14th. Truist Financial increased their price target on SS&C Technologies from $55.00 to $60.00 and gave the company a hold rating in a research report on Wednesday, February 14th. Finally, Citigroup increased their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a buy rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies has a consensus rating of Moderate Buy and an average price target of $71.22.

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.