SS&C Technologies Holdings, Inc. (SSNC) To Go Ex-Dividend on November 30th
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.07 per share by the technology company on Friday, December 15th. This represents a $0.28 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, November 30th.
Shares of SS&C Technologies Holdings (NASDAQ SSNC) opened at $40.88 on Friday. The stock has a market cap of $8,337.36, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings has a fifty-two week low of $28.43 and a fifty-two week high of $42.48.
SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies Holdings had a net margin of 13.47% and a return on equity of 15.32%. The company had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. During the same quarter in the previous year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts forecast that SS&C Technologies Holdings will post 1.78 earnings per share for the current fiscal year.
In related news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the transaction, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,156,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total transaction of $793,000.00. Following the transaction, the chief financial officer now owns 20,000 shares in the company, valued at approximately $793,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,000 shares of company stock worth $3,161,200. 17.60% of the stock is owned by corporate insiders.
Several equities research analysts have recently commented on SSNC shares. Zacks Investment Research downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Morgan Stanley boosted their target price on shares of SS&C Technologies Holdings from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. DA Davidson restated a “buy” rating and issued a $44.00 target price on shares of SS&C Technologies Holdings in a research note on Thursday, October 26th. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies Holdings in a research note on Friday, October 27th. Finally, Citigroup Inc. upgraded shares of SS&C Technologies Holdings to a “strong-buy” rating and boosted their target price for the company from $43.00 to $46.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. SS&C Technologies Holdings presently has an average rating of “Buy” and a consensus target price of $42.50.
About SS&C Technologies Holdings
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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