SS&C Technologies (SSNC) to Release Earnings on Thursday

SS&C Technologies (NASDAQ:SSNC) is anticipated to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.32 per share and revenue of $1.49 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

SS&C Technologies Stock Down 0.9 %

SSNC stock opened at $80.23 on Thursday. The firm’s 50-day moving average is $76.94 and its two-hundred day moving average is $74.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 28.76 and a beta of 1.37. SS&C Technologies has a 52 week low of $59.53 and a 52 week high of $81.52.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SSNC. DA Davidson reissued a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.