Analysts predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for SS&C Technologies’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.55. SS&C Technologies reported earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The firm is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that SS&C Technologies will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.24 to $2.28. For the next fiscal year, analysts expect that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.36 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for SS&C Technologies.
SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. SS&C Technologies had a return on equity of 15.39% and a net margin of 19.63%. The firm had revenue of $439.40 million for the quarter, compared to the consensus estimate of $433.44 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.
Shares of SS&C Technologies (SSNC) traded down $0.26 during midday trading on Friday, hitting $51.97. The stock had a trading volume of 26,301 shares, compared to its average volume of 1,714,920. The stock has a market capitalization of $10,769.63, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. SS&C Technologies has a 12-month low of $34.75 and a 12-month high of $52.64. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 0.81.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 0.54%. SS&C Technologies’s payout ratio is currently 18.18%.
In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $49.73, for a total transaction of $994,600.00. Following the sale, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $994,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in SS&C Technologies by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,049 shares of the technology company’s stock valued at $501,000 after acquiring an additional 389 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in SS&C Technologies by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 376,920 shares of the technology company’s stock valued at $15,258,000 after acquiring an additional 1,096 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in SS&C Technologies by 81.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,152 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in SS&C Technologies by 3.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 54,954 shares of the technology company’s stock valued at $2,187,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in SS&C Technologies by 3.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 59,771 shares of the technology company’s stock valued at $2,420,000 after acquiring an additional 1,814 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.
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