SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Declares Dividend Increase – $0.13 Per Share

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.125 per share by the technology company on Monday, December 16th. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, November 29th. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.10.

Shares of SSNC traded up $0.11 during mid-day trading on Wednesday, hitting $60.60. The stock had a trading volume of 77,526 shares, compared to its average volume of 1,828,218. The company has a market cap of $15.15 billion, a PE ratio of 23.13, a PEG ratio of 2.45 and a beta of 1.25. The company’s fifty day simple moving average is $54.50 and its two-hundred day simple moving average is $53.65. 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 fifty-two week low of $40.96 and a fifty-two week high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. Equities analysts expect that SS&C Technologies will post 3.5 earnings per share for the current year.

Several brokerages recently issued reports on SSNC. DA Davidson raised SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Friday, October 18th. Credit Suisse Group cut their price target on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $65.00 price target on shares of SS&C Technologies in a report on Friday, November 1st. Finally, UBS Group cut their price target on SS&C Technologies from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.21.

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.

Recommended Story: What is the return on assets (ROA) ratio?

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

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with's FREE daily email newsletter.