SS&C Technologies Holdings, Inc. (SSNC) to Issue Quarterly Dividend of $0.07 on September 15th
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Friday, August 18th, Wall Street Journal reports. Investors of record on Friday, September 1st will be paid a dividend of 0.07 per share by the technology company on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, August 30th. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06.
SS&C Technologies Holdings (SSNC) opened at 38.03 on Tuesday. The firm’s 50 day moving average price is $38.59 and its 200-day moving average price is $37.05. SS&C Technologies Holdings has a 52 week low of $28.43 and a 52 week high of $40.21. The firm has a market cap of $7.81 billion, a PE ratio of 40.54 and a beta of 1.12.
SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $414.10 million for the quarter, compared to analyst estimates of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. SS&C Technologies Holdings’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, analysts forecast that SS&C Technologies Holdings will post $1.94 EPS for the current year.
Several brokerages recently commented on SSNC. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 target price on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $39.00 target price (up previously from $35.00) on shares of SS&C Technologies Holdings in a report on Friday, July 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.25.
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In related news, Director Michael Jay Zamkow bought 14,275 shares of SS&C Technologies Holdings stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $36.62 per share, with a total value of $522,750.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Patrick J. Pedonti sold 30,000 shares of SS&C Technologies Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,134,900. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.
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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