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

SS&C Technologies (NASDAQ:SSNC) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 11.03% and a return on equity of 16.74%. On average, analysts expect SS&C Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SS&C Technologies Stock Performance

SSNC stock opened at $60.24 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s fifty day moving average is $62.89 and its two-hundred day moving average is $58.75. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 25.31 and a beta of 1.43. SS&C Technologies has a 1 year low of $46.61 and a 1 year high of $65.86.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 40.34%.

Analysts Set New Price Targets

SSNC has been the subject of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday. UBS Group raised their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial increased their target price on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $70.78.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in shares of SS&C Technologies in the first quarter worth $26,000. Harbour Investments Inc. boosted its holdings in shares of SS&C Technologies by 364.3% during the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after purchasing an additional 408 shares during the period. IFP Advisors Inc grew its position in SS&C Technologies by 136.1% during the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock valued at $29,000 after purchasing an additional 275 shares in the last quarter. Natixis acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $33,000. Finally, State of Wyoming lifted its position in SS&C Technologies by 24.3% in the 4th quarter. State of Wyoming now owns 1,319 shares of the technology company’s stock worth $69,000 after buying an additional 258 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

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.