SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) released its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50, Bloomberg Earnings reports. 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 during the quarter, compared to the consensus estimate of $424.14 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.
SS&C Technologies Holdings (NASDAQ:SSNC) traded down $0.15 during trading on Friday, hitting $39.86. 461,900 shares of the stock were exchanged, compared to its average volume of 1,037,087. The company has a market cap of $8,236.49, a P/E ratio of 22.86, a P/E/G ratio of 1.52 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.
In related news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.56, for a total value of $1,156,800.00. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,156,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $39.65, for a total transaction of $793,000.00. Following the completion of the transaction, the chief financial officer now owns 20,000 shares in the company, valued at $793,000. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $4,296,100 in the last 90 days. 17.60% of the stock is owned by insiders.
SSNC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded 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 research report on Wednesday, August 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, DA Davidson initiated coverage on shares of SS&C Technologies Holdings in a research report on Thursday, September 14th. They issued a “buy” rating and a $43.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. SS&C Technologies Holdings currently has an average rating of “Buy” and a consensus price target of $42.11.
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SS&C Technologies Holdings Company Profile
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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