Zacks: Analysts Expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Will Post Earnings of $1.19 Per Share

Equities analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to announce earnings per share (EPS) of $1.19 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SS&C Technologies’ earnings, with estimates ranging from $1.17 to $1.25. SS&C Technologies posted earnings per share of $1.10 in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The firm is expected to issue its next earnings results on Wednesday, October 27th.

According to Zacks, analysts expect that SS&C Technologies will report full year earnings of $4.82 per share for the current financial year, with EPS estimates ranging from $4.75 to $4.96. For the next fiscal year, analysts forecast that the company will post earnings of $4.97 per share, with EPS estimates ranging from $4.74 to $5.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, July 28th. The technology company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.17. SS&C Technologies had a return on equity of 20.63% and a net margin of 14.87%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion.

SSNC has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on SS&C Technologies from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, July 29th. Zacks Investment Research downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. Truist lifted their target price on SS&C Technologies from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, August 2nd. Raymond James lifted their target price on SS&C Technologies from $93.00 to $94.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 29th. Finally, Morgan Stanley lifted their price objective on SS&C Technologies from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and an average price target of $83.69.

SSNC traded down $0.32 during midday trading on Thursday, hitting $71.07. 1,216,498 shares of the company were exchanged, compared to its average volume of 1,158,318. The firm has a market capitalization of $18.14 billion, a P/E ratio of 26.32 and a beta of 1.55. SS&C Technologies has a 1-year low of $58.39 and a 1-year high of $79.71. The firm’s 50 day moving average price is $75.07 and its 200-day moving average price is $72.92. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.07.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.64 annualized dividend and a yield of 0.90%. SS&C Technologies’s payout ratio is 15.84%.

Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in SS&C Technologies by 0.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,696 shares of the technology company’s stock valued at $1,131,000 after acquiring an additional 134 shares during the period. Elo Mutual Pension Insurance Co raised its holdings in SS&C Technologies by 0.8% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 16,620 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 138 shares during the period. Jacobi Capital Management LLC raised its holdings in SS&C Technologies by 26.7% during the 1st quarter. Jacobi Capital Management LLC now owns 702 shares of the technology company’s stock valued at $49,000 after acquiring an additional 148 shares during the period. Baltimore Washington Financial Advisors Inc. raised its holdings in SS&C Technologies by 3.4% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 4,516 shares of the technology company’s stock valued at $325,000 after acquiring an additional 150 shares during the period. Finally, Penserra Capital Management LLC increased its holdings in shares of SS&C Technologies by 27.3% in the second quarter. Penserra Capital Management LLC now owns 722 shares of the technology company’s stock worth $52,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 81.33% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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

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