SS&C Technologies (NASDAQ:SSNC) Posts Earnings Results, Beats Estimates By $0.01 EPS

SS&C Technologies (NASDAQ:SSNC) released its earnings results on Thursday. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01, FiscalAI reports. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.

SS&C Technologies Stock Up 2.8%

SS&C Technologies stock traded up $2.45 during trading hours on Thursday, hitting $89.54. The stock had a trading volume of 2,768,997 shares, compared to its average volume of 2,126,582. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $21.01 billion, a P/E ratio of 25.73 and a beta of 1.09. SS&C Technologies has a 12-month low of $61.40 and a 12-month high of $89.93. The stock’s 50-day moving average price is $81.28 and its 200-day moving average price is $73.49.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is 34.48%.

Wall Street Analyst Weigh In

SSNC has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. BWS Financial reissued a “buy” rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. JPMorgan Chase & Co. cut their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Zacks Research lowered shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $93.62.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.