SS&C Technologies (SSNC) Scheduled to Post Quarterly Earnings on Thursday

SS&C Technologies (NASDAQ:SSNC - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. On average, analysts expect SS&C Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SS&C Technologies Trading Up 0.4 %

NASDAQ:SSNC traded up $0.23 during mid-day trading on Thursday, reaching $60.47. 697,507 shares of the company's stock traded hands, compared to its average volume of 957,203. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies has a 12-month low of $46.61 and a 12-month high of $65.86. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 25.54 and a beta of 1.43. The company has a 50 day moving average price of $62.89 and a 200-day moving average price of $58.75.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies's payout ratio is currently 40.34%.

Hedge Funds Weigh In On SS&C Technologies

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of SS&C Technologies by 18.1% during the 1st quarter. American Century Companies Inc. now owns 4,476 shares of the technology company's stock valued at $335,000 after purchasing an additional 685 shares during the period. Private Advisor Group LLC raised its holdings in SS&C Technologies by 19.1% during the first quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company's stock valued at $270,000 after acquiring an additional 577 shares during the period. MetLife Investment Management LLC bought a new stake in SS&C Technologies during the first quarter valued at about $336,000. Rhumbline Advisers lifted its position in shares of SS&C Technologies by 13.0% in the first quarter. Rhumbline Advisers now owns 210,330 shares of the technology company's stock valued at $15,779,000 after acquiring an additional 24,230 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of SS&C Technologies by 10.6% in the first quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company's stock worth $359,000 after acquiring an additional 460 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. UBS Group lifted their target price on SS&C Technologies from $72.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Citigroup boosted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. TheStreet upgraded shares of SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. Finally, Truist Financial upped their target price on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of "Moderate Buy" and an average price target of $70.78.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.