Equities research analysts expect SS&C Technologies (NASDAQ:SSNC) to report $0.54 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for SS&C Technologies’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. SS&C Technologies reported earnings per share of $0.44 during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.7%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that SS&C Technologies will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.28. For the next financial year, analysts forecast that the business 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 averages are a mean average based on a survey of research firms that that provide coverage for SS&C Technologies.

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SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. SS&C Technologies had a net margin of 19.63% and a return on equity of 15.39%. The company had revenue of $439.40 million during the quarter, compared to analysts’ expectations of $433.44 million. During the same quarter in the prior year, the company earned $0.46 EPS. SS&C Technologies’s revenue was up 8.6% compared to the same quarter last year.

Several brokerages recently issued reports on SSNC. JPMorgan Chase raised shares of SS&C Technologies from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. BidaskClub raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. DA Davidson upped their price objective on shares of SS&C Technologies to $54.00 and gave the company a “buy” rating in a research note on Friday, January 12th. ValuEngine raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Royal Bank of Canada upped their price objective on shares of SS&C Technologies to $60.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $50.70.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $49.73, for a total value of $994,600.00. Following the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $994,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.50% of the company’s stock.

Large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its holdings in shares of SS&C Technologies by 3.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 59,771 shares of the technology company’s stock worth $2,420,000 after acquiring an additional 1,814 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SS&C Technologies by 44.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,559 shares of the technology company’s stock worth $1,318,000 after acquiring an additional 10,009 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $345,000. Gotham Asset Management LLC lifted its holdings in shares of SS&C Technologies by 16.8% in the 4th quarter. Gotham Asset Management LLC now owns 298,435 shares of the technology company’s stock worth $12,081,000 after acquiring an additional 42,863 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $320,000. Institutional investors own 74.20% of the company’s stock.

Shares of NASDAQ SSNC opened at $50.71 on Friday. SS&C Technologies has a 12-month low of $35.63 and a 12-month high of $53.99. The stock has a market cap of $11,924.67, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.81 and a quick ratio of 0.81.

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About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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