Wall Street brokerages forecast that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will post sales of $1.17 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SS&C Technologies’ earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.16 billion. SS&C Technologies posted sales of $1.13 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that SS&C Technologies will report full year sales of $4.61 billion for the current year, with estimates ranging from $4.59 billion to $4.63 billion. For the next year, analysts anticipate that the company will post sales of $4.75 billion, with estimates ranging from $4.71 billion to $4.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. SS&C Technologies’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share.

Several research firms recently issued reports on SSNC. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 2nd. Royal Bank of Canada set a $70.00 price objective on SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on SS&C Technologies from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Credit Suisse Group cut their price objective on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. SS&C Technologies has an average rating of “Buy” and a consensus target price of $66.21.

A number of institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $25,000. Capital Investment Advisory Services LLC boosted its position in shares of SS&C Technologies by 930.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock worth $30,000 after purchasing an additional 465 shares in the last quarter. Hudock Capital Group LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $42,000. Machina Capital S.A.S. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $52,000. Finally, FTB Advisors Inc. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $52,000. 81.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SSNC traded up $0.61 during trading hours on Monday, hitting $59.90. The company’s stock had a trading volume of 1,407,500 shares, compared to its average volume of 1,760,850. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.39 and a beta of 1.25. SS&C Technologies has a 12 month low of $40.96 and a 12 month high of $67.73. The business has a 50-day simple moving average of $53.44 and a 200-day simple moving average of $53.64.

About SS&C Technologies

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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Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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