SS&C Technologies (NASDAQ:SSNC) posted its earnings results on Wednesday. The technology company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.11, Briefing.com reports. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.
Shares of SSNC traded up $0.83 during mid-day trading on Friday, hitting $66.41. The company had a trading volume of 48,163 shares, compared to its average volume of 1,275,333. The business’s 50-day simple moving average is $63.06 and its 200-day simple moving average is $55.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. SS&C Technologies has a 1-year low of $42.51 and a 1-year high of $67.73. The stock has a market cap of $16.70 billion, a PE ratio of 49.43, a P/E/G ratio of 2.37 and a beta of 1.29.
In related news, CEO William C. Stone sold 255,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $58.84, for a total value of $15,004,200.00. Following the sale, the chief executive officer now directly owns 31,931,624 shares of the company’s stock, valued at $1,878,856,756.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 72 shares of company stock worth $4,373 over the last three months. Corporate insiders own 14.50% of the company’s stock.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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