$1.09 EPS Expected for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) This Quarter


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Wall Street brokerages predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will post $1.09 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for SS&C Technologies’ earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $1.07. SS&C Technologies posted earnings of $1.03 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The firm is expected to announce its next earnings report on Thursday, April 29th.

On average, analysts expect that SS&C Technologies will report full year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.39 to $4.60. For the next year, analysts anticipate that the company will report earnings of $4.72 per share, with EPS estimates ranging from $4.48 to $5.00. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 9th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.08. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. SS&C Technologies had a net margin of 12.20% and a return on equity of 20.42%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share.

SSNC has been the subject of a number of research reports. Needham & Company LLC raised their target price on shares of SS&C Technologies from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. cut shares of SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Wednesday, December 9th. Morgan Stanley lifted their price target on shares of SS&C Technologies from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 11th. Raymond James lifted their price target on shares of SS&C Technologies from $71.00 to $78.00 and gave the company a “strong-buy” rating in a report on Thursday, February 11th. Finally, Zacks Investment Research lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 18th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $72.88.

Shares of SSNC traded down $0.06 during midday trading on Tuesday, reaching $66.90. The stock had a trading volume of 42,237 shares, compared to its average volume of 1,364,715. The firm has a 50 day simple moving average of $67.43 and a 200-day simple moving average of $65.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.26. The firm has a market cap of $17.12 billion, a PE ratio of 30.83 and a beta of 1.56. SS&C Technologies has a one year low of $29.51 and a one year high of $74.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $37,000. IFP Advisors Inc raised its stake in SS&C Technologies by 2,652.4% in the fourth quarter. IFP Advisors Inc now owns 578 shares of the technology company’s stock valued at $44,000 after purchasing an additional 557 shares in the last quarter. Sowell Financial Services LLC raised its stake in SS&C Technologies by 294.3% in the fourth quarter. Sowell Financial Services LLC now owns 899 shares of the technology company’s stock valued at $65,000 after purchasing an additional 671 shares in the last quarter. Financial Avengers Inc. purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $66,000. Finally, Simon Quick Advisors LLC purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $67,000. 80.14% of the stock is currently owned by institutional investors and hedge funds.

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-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

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