SS&C Technologies Holdings, Inc. (SSNC) Expected to Announce Quarterly Sales of $1.08 Billion
Wall Street brokerages expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to report $1.08 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for SS&C Technologies’ earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.09 billion. SS&C Technologies posted sales of $438.37 million during the same quarter last year, which suggests a positive year over year growth rate of 146.4%. The business is expected to report its next quarterly earnings report on Thursday, February 21st.
On average, analysts expect that SS&C Technologies will report full-year sales of $3.40 billion for the current year, with estimates ranging from $3.38 billion to $3.43 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.26 billion, with estimates ranging from $4.11 billion to $4.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover SS&C Technologies.
SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, October 31st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 15.04%. The business had revenue of $992.40 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The company’s quarterly revenue was up 137.3% compared to the same quarter last year.
Shares of NASDAQ:SSNC traded down $0.32 during trading hours on Friday, hitting $44.98. The company’s stock had a trading volume of 1,025,421 shares, compared to its average volume of 1,864,233. SS&C Technologies has a 52 week low of $39.61 and a 52 week high of $60.97. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $11.42 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.40 and a beta of 1.25.
In other news, Director Michael Jay Zamkow acquired 22,100 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were purchased at an average price of $47.53 per share, with a total value of $1,050,413.00. Following the transaction, the director now directly owns 21,000 shares in the company, valued at $998,130. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Smita Conjeevaram acquired 3,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was purchased at an average cost of $48.52 per share, for a total transaction of $145,560.00. Following the transaction, the director now owns 3,000 shares in the company, valued at $145,560. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 25,714 shares of company stock worth $1,226,620. Insiders own 17.50% of the company’s stock.
Several institutional investors have recently modified their holdings of SSNC. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in SS&C Technologies by 0.7% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 162,601 shares of the technology company’s stock worth $9,241,000 after purchasing an additional 1,100 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in SS&C Technologies by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 372,413 shares of the technology company’s stock worth $19,328,000 after purchasing an additional 1,127 shares during the last quarter. CIBC Asset Management Inc grew its position in SS&C Technologies by 15.0% during the 3rd quarter. CIBC Asset Management Inc now owns 9,564 shares of the technology company’s stock worth $544,000 after purchasing an additional 1,245 shares during the last quarter. Aperio Group LLC grew its position in SS&C Technologies by 4.4% during the 2nd quarter. Aperio Group LLC now owns 31,031 shares of the technology company’s stock worth $1,611,000 after purchasing an additional 1,320 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in SS&C Technologies by 1.0% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 152,492 shares of the technology company’s stock worth $8,666,000 after purchasing an additional 1,459 shares during the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
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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