SS&C Technologies (SSNC) to Release Quarterly Earnings on Thursday – MarketBeat

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SS&C Technologies (NASDAQ:SSNC – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, October 27th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. SS&C Technologies has set its Q3 guidance at $1.15-1.21 EPS and its FY22 guidance at $4.76-4.90 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
SS&C Technologies (NASDAQ:SSNC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The technology company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.10). SS&C Technologies had a return on equity of 19.61% and a net margin of 13.85%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. On average, analysts expect SS&C Technologies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SS&C Technologies Trading Down 1.9 %

SSNC opened at $48.41 on Thursday. SS&C Technologies has a 52 week low of $45.25 and a 52 week high of $84.85. The business has a fifty day simple moving average of $53.87 and a 200-day simple moving average of $59.70. The firm has a market cap of $12.35 billion, a P/E ratio of 18.00 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.18.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. SS&C Technologies’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

SSNC has been the topic of several analyst reports. DA Davidson reduced their price objective on SS&C Technologies from $92.00 to $82.00 in a research note on Thursday, July 28th. Credit Suisse Group reduced their price objective on SS&C Technologies from $85.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. William Blair restated an “outperform” rating on shares of SS&C Technologies in a research note on Monday, July 25th. StockNews.com assumed coverage on SS&C Technologies in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Morgan Stanley cut their price target on SS&C Technologies from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies has an average rating of “Buy” and an average target price of $79.50.

Insider Transactions at SS&C Technologies

In other news, COO Rahul Kanwar sold 46,700 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $63.06, for a total transaction of $2,944,902.00. Following the sale, the chief operating officer now owns 50,000 shares of the company’s stock, valued at approximately $3,153,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Institutional Trading of SS&C Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in SS&C Technologies by 18.1% in the 1st quarter. American Century Companies Inc. now owns 4,476 shares of the technology company’s stock valued at $335,000 after buying an additional 685 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of SS&C Technologies by 19.1% in the 1st quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company’s stock valued at $270,000 after purchasing an additional 577 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at about $336,000. Rhumbline Advisers raised its stake in shares of SS&C Technologies by 13.0% in the 1st quarter. Rhumbline Advisers now owns 210,330 shares of the technology company’s stock valued at $15,779,000 after purchasing an additional 24,230 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of SS&C Technologies by 10.6% in the 1st quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company’s stock valued at $359,000 after purchasing an additional 460 shares in the last quarter. 83.60% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Company Profile

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SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.

Featured Articles

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