Analysts Anticipate SS&C Technologies Holdings, Inc. (SSNC) to Post $0.65 Earnings Per Share

Brokerages expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to report earnings of $0.65 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for SS&C Technologies’ earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.66. SS&C Technologies reported earnings per share of $0.50 during the same quarter last year, which indicates a positive year-over-year growth rate of 30%. The company is scheduled to announce its next earnings report on Wednesday, October 24th.

On average, analysts expect that SS&C Technologies will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.50 to $2.53. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.06 per share, with EPS estimates ranging from $2.97 to $3.31. Zacks’ EPS averages are an average based on a survey of analysts that cover SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.07. The company had revenue of $908.50 million for the quarter, compared to the consensus estimate of $903.63 million. SS&C Technologies had a net margin of 9.99% and a return on equity of 14.43%. SS&C Technologies’s revenue was up 121.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS.

Several research firms have weighed in on SSNC. BidaskClub raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 21st. Zacks Investment Research downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. DA Davidson reissued a “hold” rating and set a $60.00 target price on shares of SS&C Technologies in a research report on Monday, September 10th. ValuEngine raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Deutsche Bank raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $57.00 to $72.00 in a report on Monday, September 10th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.09.

Several hedge funds have recently added to or reduced their stakes in SSNC. Morgan Stanley boosted its holdings in shares of SS&C Technologies by 1,929.5% in the 2nd quarter. Morgan Stanley now owns 4,228,968 shares of the technology company’s stock valued at $219,484,000 after acquiring an additional 4,020,592 shares during the last quarter. FMR LLC lifted its stake in shares of SS&C Technologies by 57.7% in the 2nd quarter. FMR LLC now owns 8,088,831 shares of the technology company’s stock valued at $419,811,000 after purchasing an additional 2,959,947 shares during the period. BlackRock Inc. lifted its stake in shares of SS&C Technologies by 20.4% in the 1st quarter. BlackRock Inc. now owns 10,121,082 shares of the technology company’s stock valued at $542,895,000 after purchasing an additional 1,712,925 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of SS&C Technologies by 37.5% in the 1st quarter. Alkeon Capital Management LLC now owns 3,592,654 shares of the technology company’s stock valued at $192,710,000 after purchasing an additional 980,000 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of SS&C Technologies by 344.5% in the 2nd quarter. First Trust Advisors LP now owns 1,115,994 shares of the technology company’s stock valued at $57,920,000 after purchasing an additional 864,932 shares during the period. 83.58% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:SSNC traded down $1.44 during trading hours on Monday, hitting $56.07. 28,308 shares of the company were exchanged, compared to its average volume of 1,500,487. The company has a market cap of $13.68 billion, a PE ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 1.19. SS&C Technologies has a 52-week low of $37.72 and a 52-week high of $60.97. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a $0.08 dividend. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, August 31st. SS&C Technologies’s dividend payout ratio is 17.88%.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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