SS&C Technologies (NASDAQ:SSNC) Issues Earnings Results

SS&C Technologies (NASDAQ:SSNC) posted its earnings results on Thursday. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07, Briefing.com reports. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $0.96 EPS. SS&C Technologies’s revenue was up 6.5% on a year-over-year basis.

SS&C Technologies Trading Up 6.3 %

Shares of NASDAQ:SSNC traded up $4.27 during trading on Friday, hitting $72.29. 2,959,802 shares of the company’s stock were exchanged, compared to its average volume of 867,725. The firm has a 50-day moving average price of $63.27 and a two-hundred day moving average price of $62.60. SS&C Technologies has a 1-year low of $46.61 and a 1-year high of $73.30. The firm has a market cap of $17.88 billion, a P/E ratio of 28.80 and a beta of 1.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SSNC shares. DA Davidson increased their target price on shares of SS&C Technologies from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group increased their price target on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Needham & Company LLC lifted their price objective on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada increased their target price on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $71.80.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 10,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $63.94, for a total value of $639,400.00. Following the transaction, the director now owns 38,000 shares of the company’s stock, valued at approximately $2,429,720. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 32,500 shares of company stock valued at $2,027,750. 15.40% of the stock is currently owned by insiders.

About SS&C Technologies

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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.