$1.01 Billion in Sales Expected for SS&C Technologies Holdings, Inc. (SSNC) This Quarter

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Equities analysts forecast that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will post $1.01 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for SS&C Technologies’ earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $1.00 billion. SS&C Technologies reported sales of $418.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 141.5%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, October 31st.

On average, analysts expect that SS&C Technologies will report full year sales of $3.41 billion for the current fiscal year, with estimates ranging from $3.38 billion to $3.46 billion. For the next year, analysts anticipate that the business will report sales of $4.21 billion, with estimates ranging from $4.11 billion to $4.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The company had revenue of $908.50 million during the quarter, compared to analyst estimates of $903.63 million. SS&C Technologies had a net margin of 9.99% and a return on equity of 14.43%. SS&C Technologies’s revenue for the quarter was up 121.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Friday, July 27th. BidaskClub lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. assumed coverage on shares of SS&C Technologies in a report on Wednesday, August 1st. They set an “overweight” rating and a $70.00 target price for the company. Finally, DA Davidson lowered shares of SS&C Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $62.00 to $60.00 in a report on Friday, September 7th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $63.00.

Hedge funds have recently added to or reduced their stakes in the stock. Squar Milner Financial Services LLC bought a new position in shares of SS&C Technologies during the second quarter valued at approximately $108,000. Summit Trail Advisors LLC increased its stake in shares of SS&C Technologies by 17,584.8% during the first quarter. Summit Trail Advisors LLC now owns 122,556 shares of the technology company’s stock valued at $123,000 after purchasing an additional 121,863 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of SS&C Technologies by 3,755.1% during the second quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock valued at $196,000 after purchasing an additional 3,680 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of SS&C Technologies during the first quarter valued at approximately $200,000. Finally, Dupont Capital Management Corp bought a new position in shares of SS&C Technologies during the second quarter valued at approximately $207,000. 86.81% of the stock is owned by institutional investors.

Shares of SS&C Technologies stock traded up $1.60 during trading on Friday, reaching $51.11. 1,595,662 shares of the stock were exchanged, compared to its average volume of 1,612,793. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.63. The firm has a market cap of $13.62 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.86 and a beta of 1.19. SS&C Technologies has a 1 year low of $39.15 and a 1 year high of $60.97.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were paid a $0.08 dividend. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, August 31st. SS&C Technologies’s dividend payout ratio is presently 17.88%.

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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