Brokerages Anticipate SS&C Technologies Holdings, Inc. (SSNC) Will Post Earnings of $0.53 Per Share

Wall Street analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to post earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for SS&C Technologies’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.52. SS&C Technologies reported earnings of $0.46 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.2%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, February 15th.

On average, analysts expect that SS&C Technologies will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.92 to $1.93. For the next fiscal year, analysts anticipate that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.12 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. SS&C Technologies had a return on equity of 10.46% and a net margin of 15.36%. SS&C Technologies’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share.

SSNC has been the subject of several research analyst reports. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. Jefferies Group reissued a “buy” rating on shares of SS&C Technologies in a report on Tuesday, October 3rd. JPMorgan Chase & Co. lowered SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Tuesday, December 12th. BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Citigroup raised SS&C Technologies to a “strong-buy” rating and upped their target price for the company from $43.00 to $46.00 in a report on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $49.55.

SS&C Technologies (NASDAQ SSNC) traded up $0.47 during trading hours on Friday, reaching $50.44. The company’s stock had a trading volume of 4,100,000 shares, compared to its average volume of 1,890,000. The stock has a market capitalization of $10,380.00, a PE ratio of 48.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. SS&C Technologies has a 1 year low of $30.82 and a 1 year high of $51.39.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total value of $807,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 60,000 shares of company stock worth $2,414,600 in the last three months. 17.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its stake in shares of SS&C Technologies by 14.3% during the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after acquiring an additional 348 shares during the last quarter. QS Investors LLC boosted its stake in shares of SS&C Technologies by 165.7% during the second quarter. QS Investors LLC now owns 4,810 shares of the technology company’s stock valued at $185,000 after acquiring an additional 3,000 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of SS&C Technologies during the second quarter valued at $240,000. Achmea Investment Management B.V. acquired a new stake in shares of SS&C Technologies during the second quarter valued at $247,000. Finally, Green Square Capital LLC acquired a new stake in shares of SS&C Technologies during the second quarter valued at $257,000. 86.11% of the stock is currently owned by institutional investors and hedge funds.

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About SS&C Technologies

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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