SS&C Technologies Holdings, Inc. (SSNC) Expected to Post Earnings of $0.53 Per Share

Equities research analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to announce earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for SS&C Technologies’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.53. SS&C Technologies posted earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is expected to announce its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that SS&C Technologies will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.92 to $1.93. For the next financial year, analysts forecast that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.12 to $2.35. Zacks’ earnings per share averages are an average based on a survey of research firms that follow SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. SS&C Technologies’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS.

Several analysts have weighed in on the stock. DA Davidson boosted their target price on shares of SS&C Technologies to $54.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. raised shares of SS&C Technologies from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 11th. UBS Group boosted their target price on shares of SS&C Technologies from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair downgraded shares of SS&C Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $60.00 price objective (up from $44.00) on shares of SS&C Technologies 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 company’s stock. SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $48.82.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.69, for a total transaction of $813,800.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $712,075. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 60,000 shares of company stock valued at $2,414,600. Company insiders own 17.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its stake in SS&C Technologies by 1.3% during the 2nd quarter. Comerica Bank now owns 8,151 shares of the technology company’s stock valued at $323,000 after acquiring an additional 108 shares during the period. Advisor Group Inc. lifted its stake in shares of SS&C Technologies by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after purchasing an additional 348 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of SS&C Technologies by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,049 shares of the technology company’s stock valued at $501,000 after purchasing an additional 389 shares during the period. People s United Financial Inc. lifted its stake in shares of SS&C Technologies by 2.5% in the 2nd quarter. People s United Financial Inc. now owns 17,663 shares of the technology company’s stock valued at $678,000 after purchasing an additional 439 shares during the period. Finally, Signet Financial Management LLC lifted its stake in shares of SS&C Technologies by 0.4% in the 2nd quarter. Signet Financial Management LLC now owns 129,246 shares of the technology company’s stock valued at $4,964,000 after purchasing an additional 531 shares during the period. Institutional investors and hedge funds own 86.04% of the company’s stock.

Shares of SS&C Technologies (NASDAQ SSNC) opened at $49.98 on Friday. The firm has a market cap of $10,270.00, a P/E ratio of 47.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. SS&C Technologies has a 12-month low of $30.82 and a 12-month high of $51.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

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About SS&C Technologies

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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