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NASDAQ:SSNC

SS&C Technologies (SSNC) Stock Price, News & Analysis

$61.96
-1.02 (-1.62%)
(As of 05/23/2024 ET)
Today's Range
$61.86
$62.98
50-Day Range
$59.90
$64.55
52-Week Range
$46.61
$65.86
Volume
1.23 million shs
Average Volume
997,177 shs
Market Capitalization
$15.32 billion
P/E Ratio
24.69
Dividend Yield
1.55%
Price Target
$70.20

SS&C Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.3% Upside
$70.20 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
0.98mentions of SS&C Technologies in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$955,100 Sold Last Quarter
Proj. Earnings Growth
10.17%
From $4.62 to $5.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.82 out of 5 stars

Computer And Technology Sector

33rd out of 596 stocks

Prepackaged Software Industry

9th out of 192 stocks

SSNC stock logo

About SS&C Technologies Stock (NASDAQ:SSNC)

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. Its products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients to manage information processing requirements. The company's software-enabled services include SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, Black Diamond Wealth Platform, CRM Solutions, Advent Managed Services, Advent Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions. Its software products comprise portfolio/investment accounting and analytics software, portfolio management software, trading software, automation solutions, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services that includes consulting and implementation services consisting of initial system installation, conversion of historical data, and ongoing training and support, as well as product support services. It operates in the United States; Europe, the Middle East, and Africa; the Asia Pacific and Japan; Canada; and the Americas. The company was founded in 1986 and is headquartered in Windsor, Connecticut.

SSNC Stock Price History

SSNC Stock News Headlines

ALERIAN MLP ETF TAX UPDATE
SS&C Technologies: Q1 Earnings Snapshot
Here's what Wall Street expects from SS&C Technologies's earnings
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/25/2024
Today
5/24/2024
Ex-Dividend for 6/17 Dividend
6/03/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SSNC
CUSIP
78467J10
Employees
26,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$70.20
High Stock Price Target
$85.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+13.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$607.10 million
Pretax Margin
16.21%

Debt

Sales & Book Value

Annual Sales
$5.58 billion
Cash Flow
$6.84 per share
Book Value
$26.25 per share

Miscellaneous

Free Float
209,235,000
Market Cap
$15.32 billion
Optionable
Optionable
Beta
1.42

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Key Executives

  • Mr. William C. StoneMr. William C. Stone (Age 69)
    Founder, Chairman of the Board & CEO
    Comp: $4.55M
  • Mr. Rahul KanwarMr. Rahul Kanwar (Age 49)
    President & COO
    Comp: $3.64M
  • Mr. Jason Douglas White (Age 54)
    Senior VP, General Counsel, Chief Legal Officer & Corporate Secretary
    Comp: $1.22M
  • Mr. Ezra Baylin
    Senior Vice President & Global Head of Corporate Development
  • Ms. Darpan Bhargava
    Senior Vice President & Global Head of Human Resources
  • Ms. Christy Bremner
    Senior Vice President of SS&C Institutional & Investment Management
  • Mr. Thomas McMackin
    Senior VP & GM
  • Mr. Darren Berkowicz
    Managing Director of GlobeOp
  • Mr. Dave Barlow
    Head of EMEA Real Assets - SS&C GlobeOp
  • Mr. Ron Tannenbaum
    Managing Director of Business Development for Europe, Middle East & Africa

SSNC Stock Analysis - Frequently Asked Questions

Should I buy or sell SS&C Technologies stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SS&C Technologies in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SSNC shares.
View SSNC analyst ratings
or view top-rated stocks.

What is SS&C Technologies' stock price target for 2024?

9 brokerages have issued 1-year price targets for SS&C Technologies' stock. Their SSNC share price targets range from $53.00 to $85.00. On average, they anticipate the company's share price to reach $70.20 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for SSNC
or view top-rated stocks among Wall Street analysts.

How have SSNC shares performed in 2024?

SS&C Technologies' stock was trading at $61.11 at the start of the year. Since then, SSNC shares have increased by 1.4% and is now trading at $61.96.
View the best growth stocks for 2024 here
.

When is SS&C Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our SSNC earnings forecast
.

How were SS&C Technologies' earnings last quarter?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) issued its quarterly earnings results on Thursday, April, 25th. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.03. The technology company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a trailing twelve-month return on equity of 17.10%.

How often does SS&C Technologies pay dividends? What is the dividend yield for SS&C Technologies?

SS&C Technologies declared a quarterly dividend on Monday, May 20th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share on Monday, June 17th. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, June 3rd.
Read our dividend analysis for SSNC
.

Is SS&C Technologies a good dividend stock?

SS&C Technologies (NASDAQ:SSNC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.51%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSNC will have a dividend payout ratio of 18.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSNC.

What guidance has SS&C Technologies issued on next quarter's earnings?

SS&C Technologies updated its second quarter 2024 earnings guidance on Thursday, April, 25th. The company provided EPS guidance of 1.160-1.220 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.

What is Bill Stone's approval rating as SS&C Technologies' CEO?

416 employees have rated SS&C Technologies Chief Executive Officer Bill Stone on Glassdoor.com. Bill Stone has an approval rating of 58% among the company's employees. This puts Bill Stone in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SS&C Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SS&C Technologies investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC), Advanced Micro Devices (AMD), Netflix (NFLX), UnitedHealth Group (UNH), Micron Technology (MU) and Cisco Systems (CSCO).

Who are SS&C Technologies' major shareholders?

SS&C Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.97%), Janus Henderson Group PLC (6.06%), Pzena Investment Management LLC (5.87%), Cantillon Capital Management LLC (1.97%), Burgundy Asset Management Ltd. (1.92%) and Price T Rowe Associates Inc. MD (1.56%). Insiders that own company stock include Jonathan E Michael, Joseph J Frank, Michael Jay Zamkow, Normand A Boulanger, Patrick J Pedonti, Rahul Kanwar and William C Stone.
View institutional ownership trends
.

How do I buy shares of SS&C Technologies?

Shares of SSNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does SS&C Technologies have any subsidiaries?
The following companies are subsidiares of SS&C Technologies: ALPS Advisors Inc., ALPS Alternative Investment Services LLC, ALPS Distributors Inc., ALPS Fund Services Inc., ALPS Holdings Inc., ALPS Portfolio Solutions Distributor Inc., Administrative Systems LLC, Advent Norway AS, Advent Software APS, Advent Software Co. Ltd., Advent Software Inc., Advent Software Limited, Advent Software Ltd., Advent Software Luxembourg S.a.r.l., Advent Sweden AB, Algorithmics, BenefitsXML, Blue Prism Group Plc, Bluedoor Technologies Pty Limited, Broadway Development L.L.C., CACEIS North America, Capita Life & Pensions Services (Ireland) Limited, Captricity, Citigroup’s Alternative Investor Service, CommonWealth Fund Services Ltd., Complete Financial Ops Inc., Conifer Financial Services LLC., DST Asset Manager Solutions Inc., DST Bluedoor Holdings Pty Ltd., DST Bluedoor Pty Limited, DST Brokerage Solutions LLC, DST Global Solutions, DST Global Solutions LLC, DST Global Solutions Limited, DST Health Solutions LLC, DST Healthcare Holdings Inc., DST Limited, DST Market Services LLC, DST Output Summit Development Corporation, DST Pershing Realty Inc., DST Pharmacy Solutions Inc., DST Process Solutions Limited, DST Process Solutions Pty Limited, DST Process Solutions SA Ltd, DST Realty Inc., DST Realty Masskan LLC, DST Retirement Solutions LLC, DST Systems, DST Systems Inc., DST Technologies Inc., DST UK Leasing I LLC, DST UK Leasing II LLC, DST UK Realty LLC, DST Worldwide Services India Private Limited, DST Worldwide Services Limited, DSTi Group LLP, DSTi Holdings Limited, DSTi US LLC, DomaniRx LLC, Eleventh Street Corridor Development Corporation, Evare, Eze Castle Software LLC, Eze Castle Transaction Services LLC, Eze Software, Eze Software Asia Pacific Limited, Eze Software EMEA Limited, Eze Software Group Pty Limited, EzeSoftware India Private Limited, FMC Global Investments Limited, Financial Models Company Ltd., Financial Models Corporation Limited, GIPS, GlobeOp, GlobeOp Financial Services GmbH, GlobeOp Financial Services Private Limited, GlobeOp Financial Services Technologies Private Limited, GlobeOp Holding Company Private Limited, Gravity, Hedgemetrix LLC, Hillside Properties Corporation, Hub Data Inc., Hubwise, IFDS GP Inc., Innovest, Innovest Systems LLC, Intralinks Asia Pacific Pte. Ltd., Intralinks EMEA France SARL, Intralinks EMEA Holdings B.V., Intralinks GmbH, Intralinks Goudou Kaisha, Intralinks Holdings, Intralinks Inc., Intralinks India Solutions Pvt. Limited, Intralinks Ltd., Intralinks Pty Limited, Intralinks SRL, Intralinks Servicios de Tecnologia de Mexico S de R.L. de C.V., Intralinks Servicos de Informatica Ltda., Intralinks Spain SLU, Investrack, Ireland Fund Admin, MAXIMIS, Micro Design Services, Millennium Consulting Services, Millennium Consulting Services LLC, Millennium Seminar Services LLC, MineralWare, O'Shares ETFs, PDS Services Inc., PDS Systems Inc., PDS Tax Services Inc., PORTIA, PT DST Global Solutions Indonesia, Pacific Ventures, Pensions and Actuarial Services Limited, Petro Data Business Systems Inc., Primatics Financial, Primatics Financial Ltd., Prime Management Limited, Red Rocks Capital LLC, SS and C Technologies South Africa Ltd, SS&C Custody Services Limited, SS&C DST Holdings Limited, SS&C Depositary Services Limited, SS&C European Holdings S.A.R.L., SS&C Eze, SS&C Financial Services Europe Limited, SS&C Financial Services International Limited, SS&C Financial Services Ireland Limited, SS&C Financial Services LLC, SS&C Financial Services Limited, SS&C Financing LLC, SS&C Fund Administration Company, SS&C Fund Services Asia Limited, SS&C Fund Services Bermuda Ltd., SS&C Fund Services Cayman Ltd., SS&C Fund Services Pte Ltd., SS&C Fund Services UK Limited, SS&C Guernsey Limited, SS&C International Managed Services Limited, SS&C Life and Pensions Services Limited, SS&C Limited, SS&C Luxembourg S.a.r.l., SS&C Software Taiwan Co. Ltd., SS&C Solutions Hong Kong Limited, SS&C Solutions Limited, SS&C Solutions NZ Limited, SS&C Solutions Pty Limited, SS&C TURKEY YAZILIM TEKNOLOJILERI LIMITED SIRKETI, SS&C Technologies Australia Pty Ltd, SS&C Technologies Austria GmbH, SS&C Technologies B.V., SS&C Technologies Canada Corp., SS&C Technologies Connecticut LLC, SS&C Technologies Holdings Europe S.A.R.L., SS&C Technologies Hong Kong Limited, SS&C Technologies Inc., SS&C Technologies India Private Limited, SS&C Technologies Ireland Limited, SS&C Technologies Israel Ltd., SS&C Technologies Italy S.r.l., SS&C Technologies Korea Limited, SS&C Technologies Poland sp. z.o.o, SS&C Technologies Pte Ltd., SS&C Technologies Sdn. Bhd., SS&C Technologies Shanghai Limited, SS&C Wealth and Insurance Ireland Limited, SSC Jersey Limited, Second Street Securities Inc., Teledata Communications Inc, The PDS Companies Inc., TheNextRound, TimeShareWare, Tradeware, Varden Technologies, Vermont Western Assurance Inc., Wells Fargo’s Global Funds Service, West Side Investment Management Inc., Winchester Business Center Inc., and thinkorswim Technologies.
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This page (NASDAQ:SSNC) was last updated on 5/24/2024 by MarketBeat.com Staff

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