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

SS&C Technologies (NASDAQ:SSNC) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. 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

Shares of SSNC stock opened at $60.98 on Wednesday. The stock has a fifty day moving average price of $62.89 and a 200 day moving average price of $58.99. The stock has a market cap of $15.08 billion, a PE ratio of 25.62 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. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SSNC. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Royal Bank of Canada raised their price target on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial raised their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, UBS Group raised their price target on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.78.

SS&C Technologies Company Profile

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.