SS&C Technologies (NASDAQ:SSNC – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 4.930-5.170 for the period, compared to the consensus EPS estimate of 5.080. The company issued revenue guidance of $5.7 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion. SS&C Technologies also updated its FY24 guidance to $4.93-5.17 EPS.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SSNC. Truist Financial raised their price objective on SS&C Technologies from $55.00 to $60.00 and gave the company a hold rating in a report on Wednesday, February 14th. DA Davidson reissued a buy rating and set a $78.00 price objective on shares of SS&C Technologies in a report on Tuesday, April 16th. Citigroup raised their price objective on SS&C Technologies from $70.00 to $71.00 and gave the company a buy rating in a report on Thursday, February 15th. Needham & Company LLC raised their price target on SS&C Technologies from $70.00 to $74.00 and gave the stock a buy rating in a research report on Friday. Finally, TheStreet upgraded SS&C Technologies from a c+ rating to a b rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies has an average rating of Moderate Buy and an average target price of $71.22.
View Our Latest Analysis on SSNC
SS&C Technologies Trading Down 0.1 %
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. Equities research analysts expect that SS&C Technologies will post 4.61 EPS for the current year.
SS&C Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. SS&C Technologies’s dividend payout ratio is currently 38.25%.
About SS&C Technologies
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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.
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