SS&C Technologies (NASDAQ:SSNC – Get Free Report) 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
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.
Check Out Our Latest Research Report on SSNC
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.
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