Brokerages Expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Will Announce Earnings of $1.22 Per Share

Wall Street analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) to post earnings per share of $1.22 for the current quarter, according to Zacks. Five analysts have issued estimates for SS&C Technologies’ earnings, with estimates ranging from $1.16 to $1.35. SS&C Technologies reported earnings per share of $1.24 during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that SS&C Technologies will report full year earnings of $5.13 per share for the current year, with EPS estimates ranging from $4.94 to $5.35. For the next fiscal year, analysts expect that the company will post earnings of $5.47 per share, with EPS estimates ranging from $5.17 to $5.84. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow SS&C Technologies.

SS&C Technologies (NASDAQ:SSNCGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The technology company reported $1.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.25. SS&C Technologies had a net margin of 15.59% and a return on equity of 20.99%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year.

A number of research firms recently weighed in on SSNC. Credit Suisse Group began coverage on shares of SS&C Technologies in a research note on Friday, January 7th. They issued an “outperform” rating and a $105.00 price objective for the company. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 29th. Zacks Investment Research cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Thursday. Raymond James lowered their price target on shares of SS&C Technologies from $95.00 to $93.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 5th. Finally, Morgan Stanley boosted their price objective on shares of SS&C Technologies from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $91.89.

A number of hedge funds have recently made changes to their positions in SSNC. Morgan Stanley grew its stake in SS&C Technologies by 146.6% in the second quarter. Morgan Stanley now owns 444,388 shares of the technology company’s stock valued at $32,022,000 after purchasing an additional 264,177 shares in the last quarter. Van ECK Associates Corp raised its holdings in SS&C Technologies by 95.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,137 shares of the technology company’s stock valued at $79,000 after acquiring an additional 556 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in SS&C Technologies by 15.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 20,197 shares of the technology company’s stock valued at $1,406,000 after acquiring an additional 2,759 shares in the last quarter. Truist Financial Corp raised its holdings in shares of SS&C Technologies by 4.3% in the 3rd quarter. Truist Financial Corp now owns 25,433 shares of the technology company’s stock worth $1,765,000 after buying an additional 1,058 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of SS&C Technologies by 36.3% in the 3rd quarter. Mackenzie Financial Corp now owns 796,707 shares of the technology company’s stock worth $55,291,000 after buying an additional 212,335 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

SSNC traded down $0.74 during trading hours on Friday, hitting $62.40. The company’s stock had a trading volume of 2,073,247 shares, compared to its average volume of 1,296,832. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. SS&C Technologies has a 12 month low of $61.88 and a 12 month high of $84.85. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 20.94 and a beta of 1.56. The business’s 50-day moving average price is $72.96 and its 200-day moving average price is $76.82.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. SS&C Technologies’s dividend payout ratio is currently 26.85%.

SS&C Technologies Company Profile (Get Rating)

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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