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

Equities research analysts forecast that SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) will report $1.22 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for SS&C Technologies’ earnings. The highest EPS estimate is $1.35 and the lowest is $1.16. SS&C Technologies posted earnings per share of $1.24 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is expected to announce 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 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 Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNCGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The technology company reported $1.25 EPS for the quarter, meeting 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 business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $1.10 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis.

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

NASDAQ SSNC traded up $0.44 on Friday, reaching $59.82. 1,239,143 shares of the company’s stock traded hands, compared to its average volume of 1,476,053. SS&C Technologies has a 12 month low of $58.31 and a 12 month high of $84.85. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $71.46 and a 200 day simple moving average of $76.31. The stock has a market cap of $15.24 billion, a PE ratio of 20.07 and a beta of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, May 31st. SS&C Technologies’s payout ratio is 26.85%.

A number of hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC lifted its position in SS&C Technologies by 3.4% during the fourth quarter. McIlrath & Eck LLC now owns 4,095 shares of the technology company’s stock valued at $336,000 after buying an additional 135 shares during the period. Seascape Capital Management lifted its position in SS&C Technologies by 1.4% during the fourth quarter. Seascape Capital Management now owns 10,103 shares of the technology company’s stock valued at $828,000 after buying an additional 137 shares during the period. Quadrant Capital Group LLC lifted its position in SS&C Technologies by 39.5% during the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the technology company’s stock valued at $40,000 after buying an additional 138 shares during the period. Nicolet Bankshares Inc. lifted its position in SS&C Technologies by 2.9% during the third quarter. Nicolet Bankshares Inc. now owns 5,680 shares of the technology company’s stock valued at $394,000 after buying an additional 160 shares during the period. Finally, Avestar Capital LLC lifted its position in SS&C Technologies by 3.9% during the fourth quarter. Avestar Capital LLC now owns 4,466 shares of the technology company’s stock valued at $366,000 after buying an additional 167 shares during the period. 96.54% of the stock is owned by 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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Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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