SS&C Technologies (NASDAQ:SSNC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

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

SS&C Technologies Stock Performance

SSNC stock traded up $4.27 during trading on Friday, reaching $72.29. The stock had a trading volume of 2,959,802 shares, compared to its average volume of 867,725. The firm has a market cap of $17.88 billion, a PE ratio of 28.80 and a beta of 1.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average is $63.27 and its two-hundred day moving average is $62.60. SS&C Technologies has a 52 week low of $46.61 and a 52 week high of $73.30.

SS&C Technologies Announces Dividend

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

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 10,000 shares of the firm’s 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 transaction, the director now owns 38,000 shares of the company’s stock, valued at $2,429,720. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 32,500 shares of company stock worth $2,027,750 in the last three months. 15.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.