SS&C Technologies Holdings, Inc. Declares Quarterly Dividend of $0.20 (NASDAQ:SSNC)

SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Wednesday, June 1st will be given a dividend of 0.20 per share by the technology company on Wednesday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, May 31st.

SS&C Technologies has raised its dividend payment by an average of 31.4% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. SS&C Technologies has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect SS&C Technologies to earn $5.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 15.9%.

Shares of SSNC opened at $59.38 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $72.03 and a 200 day moving average price of $76.52. SS&C Technologies has a one year low of $58.31 and a one year high of $84.85. The company has a market capitalization of $15.13 billion, a P/E ratio of 19.93 and a beta of 1.56.

SS&C Technologies (NASDAQ:SSNCGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The technology company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. SS&C Technologies had a return on equity of 20.99% and a net margin of 15.59%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, equities research analysts forecast that SS&C Technologies will post 4.7 earnings per share for the current fiscal year.

A number of analysts recently commented on the stock. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. Raymond James cut their target price 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. Zacks Investment Research lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Finally, Morgan Stanley boosted their price target on shares of SS&C Technologies from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, February 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $91.89.

A number of large investors have recently modified their holdings of the stock. Allianz Asset Management GmbH grew its position in shares of SS&C Technologies by 130.8% during the fourth quarter. Allianz Asset Management GmbH now owns 615,439 shares of the technology company’s stock worth $50,454,000 after acquiring an additional 348,730 shares during the last quarter. Morgan Stanley grew its holdings in shares of SS&C Technologies by 146.6% during the 2nd quarter. Morgan Stanley now owns 444,388 shares of the technology company’s stock worth $32,022,000 after purchasing an additional 264,177 shares during the period. Deutsche Bank AG lifted its position in SS&C Technologies by 12.4% during the 4th quarter. Deutsche Bank AG now owns 1,105,511 shares of the technology company’s stock worth $90,631,000 after acquiring an additional 122,192 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of SS&C Technologies by 6.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 629,294 shares of the technology company’s stock valued at $51,590,000 after purchasing an additional 39,348 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in SS&C Technologies by 14.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 276,210 shares of the technology company’s stock worth $22,644,000 after buying an additional 34,574 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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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Dividend History for SS&C Technologies (NASDAQ:SSNC)

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