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

SS&C Technologies (NASDAQ:SSNC) posted its earnings results on Thursday. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01, FiscalAI reports. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%.

SS&C Technologies Stock Performance

SS&C Technologies stock traded up $2.45 during trading on Thursday, reaching $89.54. The company had a trading volume of 2,768,997 shares, compared to its average volume of 2,126,582. SS&C Technologies has a 52 week low of $61.40 and a 52 week high of $89.93. The firm’s 50-day simple moving average is $81.28 and its 200 day simple moving average is $73.49. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 25.73 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.30 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.3%. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SSNC shares. Zacks Research downgraded shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank Of Canada raised their price target on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. UBS Group reiterated a “buy” rating and set a $101.00 price objective on shares of SS&C Technologies in a research report on Wednesday, September 9th. BWS Financial reissued a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.62.

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.