Analysts Anticipate SS&C Technologies Holdings, Inc. (SSNC) to Post $0.53 EPS

Analysts forecast that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will report $0.53 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for SS&C Technologies’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.52. SS&C Technologies posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that SS&C Technologies will report full year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.92 to $1.93. For the next year, analysts expect that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.12 to $2.35. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. SS&C Technologies had a return on equity of 10.46% and a net margin of 15.36%. The business had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. During the same quarter last year, the company posted $0.42 earnings per share. SS&C Technologies’s quarterly revenue was up 7.1% on a year-over-year basis.

SSNC has been the subject of several research reports. UBS Group restated a “buy” rating and set a $49.00 price objective on shares of SS&C Technologies in a research report on Thursday, December 14th. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating on shares of SS&C Technologies in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Saturday, January 6th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.55.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.69, for a total value of $813,800.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at $712,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 60,000 shares of company stock valued at $2,414,600. 17.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of SS&C Technologies by 14.3% in the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after buying an additional 348 shares in the last quarter. QS Investors LLC raised its position in shares of SS&C Technologies by 165.7% in the second quarter. QS Investors LLC now owns 4,810 shares of the technology company’s stock valued at $185,000 after buying an additional 3,000 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $240,000. Achmea Investment Management B.V. acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $247,000. Finally, Crow Point Partners LLC raised its position in shares of SS&C Technologies by 74.8% in the third quarter. Crow Point Partners LLC now owns 6,604 shares of the technology company’s stock valued at $263,000 after buying an additional 2,826 shares in the last quarter. Institutional investors own 86.11% of the company’s stock.

SS&C Technologies (SSNC) traded up $0.47 during trading on Friday, reaching $50.44. The company had a trading volume of 4,100,000 shares, compared to its average volume of 1,890,000. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $10,380.00, a PE ratio of 48.04, a P/E/G ratio of 1.60 and a beta of 1.08. SS&C Technologies has a fifty-two week low of $30.82 and a fifty-two week high of $51.39.

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About SS&C Technologies

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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