Analysts Anticipate SS&C Technologies Holdings, Inc. (SSNC) Will Post Earnings of $0.85 Per Share

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Equities analysts forecast that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will announce earnings of $0.85 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for SS&C Technologies’ earnings, with estimates ranging from $0.83 to $0.87. SS&C Technologies reported earnings of $0.54 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 57.4%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, February 14th.

On average, analysts expect that SS&C Technologies will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.85. For the next fiscal year, analysts anticipate that the company will post earnings of $3.56 per share, with EPS estimates ranging from $3.49 to $3.77. Zacks Investment Research’s earnings per share calculations are a mean 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 earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 15.04%. The company had revenue of $992.40 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company earned $0.50 EPS. SS&C Technologies’s revenue for the quarter was up 137.3% on a year-over-year basis.

Several brokerages have commented on SSNC. ValuEngine cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. BidaskClub cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. set a $70.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Thursday, November 1st. Finally, Buckingham Research began coverage on shares of SS&C Technologies in a research note on Thursday. They issued a “buy” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.21.

Shares of SSNC traded down $0.49 during trading hours on Wednesday, reaching $50.19. 90,141 shares of the stock traded hands, compared to its average volume of 1,398,872. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. SS&C Technologies has a 52-week low of $40.96 and a 52-week high of $60.97. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 28.04 and a beta of 1.14.

In other SS&C Technologies news, Director Jonathan E. Michael bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average cost of $44.58 per share, for a total transaction of $445,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan E. Michael bought 600 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average price of $49.79 per share, for a total transaction of $29,874.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 35,798 shares of company stock worth $1,675,881. Corporate insiders own 17.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares in the last quarter. Vanguard Group Inc raised its position in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares in the last quarter. BlackRock Inc. raised its position in shares of SS&C Technologies by 2.8% during the 3rd quarter. BlackRock Inc. now owns 11,363,016 shares of the technology company’s stock valued at $645,761,000 after buying an additional 312,983 shares in the last quarter. FMR LLC raised its position in shares of SS&C Technologies by 14.9% during the 3rd quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after buying an additional 1,161,159 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of SS&C Technologies by 37.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock valued at $173,581,000 after buying an additional 1,042,182 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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