SS&C Technologies (NASDAQ:SSNC) Announces Earnings Results

SS&C Technologies (NASDAQ:SSNC) announced its quarterly earnings results on Thursday. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09, Zacks reports. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%.

SS&C Technologies Stock Performance

NASDAQ SSNC traded down $0.02 on Thursday, hitting $81.80. 1,998,724 shares of the company’s stock were exchanged, compared to its average volume of 1,253,932. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50-day moving average price is $77.42 and its two-hundred day moving average price is $74.80. SS&C Technologies has a fifty-two week low of $59.53 and a fifty-two week high of $82.40. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 29.32 and a beta of 1.38.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $94.00 in a report on Monday. Finally, Raymond James boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $83.88.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Company Profile

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.