Equities analysts predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will announce $1.15 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for SS&C Technologies’ earnings. SS&C Technologies reported sales of $421.93 million during the same quarter last year, which suggests a positive year over year growth rate of 172.6%. The business is scheduled to announce its next earnings report on Tuesday, May 7th.

On average, analysts expect that SS&C Technologies will report full year sales of $4.73 billion for the current financial year, with estimates ranging from $4.69 billion to $4.76 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.91 billion, with estimates ranging from $4.88 billion to $4.99 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 14th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. SS&C Technologies had a return on equity of 16.27% and a net margin of 3.01%. The firm’s revenue was up 157.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS.

Several brokerages have weighed in on SSNC. Zacks Investment Research raised SS&C Technologies from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Thursday. Rosenblatt Securities started coverage on SS&C Technologies in a research report on Wednesday, December 5th. They set a “buy” rating and a $64.00 target price on the stock. BidaskClub upgraded SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. Needham & Company LLC upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $68.00 to $70.00 in a research report on Friday, December 7th. Finally, Raymond James dropped their target price on SS&C Technologies from $68.00 to $67.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and four have assigned a strong buy rating to the company. SS&C Technologies has an average rating of “Buy” and a consensus target price of $66.27.

In related news, CFO Patrick J. Pedonti sold 157,500 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $59.41, for a total value of $9,357,075.00. Following the transaction, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at approximately $3,416,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its stake in SS&C Technologies by 1.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 17,942 shares of the technology company’s stock worth $809,000 after purchasing an additional 225 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in SS&C Technologies by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 25,225 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 230 shares in the last quarter. Nicolet Bankshares Inc. lifted its stake in SS&C Technologies by 5.6% in the 4th quarter. Nicolet Bankshares Inc. now owns 4,680 shares of the technology company’s stock worth $211,000 after purchasing an additional 250 shares in the last quarter. BB&T Securities LLC lifted its stake in SS&C Technologies by 5.0% in the 4th quarter. BB&T Securities LLC now owns 6,838 shares of the technology company’s stock worth $308,000 after purchasing an additional 327 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in SS&C Technologies by 3.6% in the 4th quarter. MML Investors Services LLC now owns 9,880 shares of the technology company’s stock worth $446,000 after purchasing an additional 341 shares in the last quarter. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SSNC opened at $63.16 on Tuesday. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.44 and a beta of 1.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies has a fifty-two week low of $40.96 and a fifty-two week high of $64.36.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, February 28th. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. SS&C Technologies’s dividend payout ratio (DPR) is currently 15.27%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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