SS&C Technologies (NASDAQ:SSNC) Issues Quarterly Earnings Results

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, 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.

Several research firms have weighed in on SSNC. DA Davidson raised their target price on shares of SS&C Technologies from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised their target price on shares of SS&C Technologies from $55.00 to $58.00 and gave the company a “hold” rating in a report on Monday, November 4th. Zacks Investment Research cut shares of SS&C Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BTIG Research began coverage on shares of SS&C Technologies in a research note on Monday, January 13th. They set a “buy” rating and a $72.00 price target on the stock. Finally, Credit Suisse Group raised their price target on shares of SS&C Technologies from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $70.71.

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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Earnings History for SS&C Technologies (NASDAQ:SSNC)

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