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

SS&C Technologies (NASDAQ:SSNC) is scheduled to be announcing 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. Parties that are interested in registering for the company’s conference call can do so using this link.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. 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 NASDAQ SSNC opened at $61.23 on Tuesday. The company has a market capitalization of $15.14 billion, a P/E ratio of 25.73 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies has a one year low of $46.61 and a one year high of $65.86. The business’s 50-day moving average price is $62.89 and its two-hundred day moving average price is $58.99.

SS&C Technologies Announces Dividend

The firm also recently announced 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 Ratings Changes

A number of research firms have recently commented on SSNC. DA Davidson reissued a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. Citigroup raised their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Truist Financial upped 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. Royal Bank of Canada lifted their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.