SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Expected to Announce Earnings of $0.97 Per Share

Brokerages predict that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will post $0.97 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SS&C Technologies’ earnings. The lowest EPS estimate is $0.95 and the highest is $0.98. SS&C Technologies posted earnings of $0.95 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that SS&C Technologies will report full-year earnings of $3.71 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $3.73. For the next fiscal year, analysts forecast that the company will post earnings of $4.05 per share, with EPS estimates ranging from $3.90 to $4.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. SS&C Technologies’s revenue was up 14.7% on a year-over-year basis.

SSNC has been the subject of several research analyst reports. BidaskClub upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. Needham & Company LLC restated a “buy” rating and set a $65.00 price target on shares of SS&C Technologies in a report on Friday, November 1st. Royal Bank of Canada set a $70.00 price target on SS&C Technologies and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine cut SS&C Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.21.

SSNC stock traded up $0.32 during trading on Friday, reaching $58.51. The stock had a trading volume of 2,430,900 shares, compared to its average volume of 1,768,421. The firm has a market cap of $14.64 billion, a PE ratio of 22.33, a PEG ratio of 2.37 and a beta of 1.25. The stock’s 50 day moving average is $52.46 and its two-hundred day moving average is $53.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.64. SS&C Technologies has a 52 week low of $40.96 and a 52 week high of $67.73.

Institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $25,000. Capital Investment Advisory Services LLC boosted its holdings in shares of SS&C Technologies by 930.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock worth $30,000 after purchasing an additional 465 shares during the period. Hudock Capital Group LLC purchased a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $42,000. Machina Capital S.A.S. purchased a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $52,000. Finally, FTB Advisors Inc. purchased a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 81.00% 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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Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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