SS&C Technologies (SSNC) Scheduled to Post Earnings on Thursday

SS&C Technologies (NASDAQ:SSNC) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. On average, analysts expect SS&C Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $60.24 on Thursday. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 25.31 and a beta of 1.43. The stock’s 50 day moving average is $62.89 and its 200-day moving average is $58.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies has a twelve month low of $46.61 and a twelve month high of $65.86.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 40.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. KB Financial Partners LLC purchased a new position in shares of SS&C Technologies in the first quarter valued at $26,000. Harbour Investments Inc. boosted its stake in SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after purchasing an additional 408 shares during the period. IFP Advisors Inc grew its holdings in SS&C Technologies by 136.1% during the 2nd quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock valued at $29,000 after buying an additional 275 shares in the last quarter. Natixis bought a new stake in shares of SS&C Technologies during the fourth quarter valued at about $33,000. Finally, State of Wyoming lifted its holdings in shares of SS&C Technologies by 24.3% in the fourth quarter. State of Wyoming now owns 1,319 shares of the technology company’s stock worth $69,000 after buying an additional 258 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSNC. Royal Bank of Canada boosted their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Truist Financial raised their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. UBS Group lifted their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC increased their target price on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.78.

About SS&C Technologies

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.