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NASDAQ:SSNC

SS&C Technologies - SSNC Stock Forecast, Price & News

$62.31
-0.08 (-0.13%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$62.14
$63.29
50-Day Range
$55.22
$64.49
52-Week Range
$54.59
$84.85
Volume
1.87 million shs
Average Volume
1.40 million shs
Market Capitalization
$15.89 billion
P/E Ratio
23.16
Dividend Yield
1.28%
Price Target
$79.50

SS&C Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.6% Upside
$79.50 Price Target
Short Interest
Healthy
1.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.80%
From $4.32 to $4.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.21 out of 5 stars

Computer And Technology Sector

14th out of 658 stocks

Prepackaged Software Industry

2nd out of 229 stocks

SSNC stock logo

About SS&C Technologies (NASDAQ:SSNC) Stock

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 include 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 comprising 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, Bluedoor, Advent Outsourcing 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, digital process automation product suite, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services, including consulting and implementation services to assist clients; and product support services. It operates in the United States; the United Kingdom; 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.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $0.08 during trading on Thursday, reaching $62.31. 1,868,055 shares of the company's stock traded hands, compared to its average volume of 1,400,792. SS&C Technologies has a fifty-two week low of $54.59 and a fifty-two week high of $84.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.18. The firm has a market cap of $15.89 billion, a PE ratio of 23.19 and a beta of 1.47. The company has a 50-day simple moving average of $59.87 and a 200-day simple moving average of $67.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler cut their target price on SS&C Technologies from $89.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 6th. DA Davidson cut their price target on SS&C Technologies from $92.00 to $82.00 in a research report on Thursday, July 28th. Credit Suisse Group cut their price target on SS&C Technologies from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Thursday, July 28th. Needham & Company LLC cut their price target on SS&C Technologies from $92.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, July 28th. Finally, StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 29th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $79.50.

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SSNC Stock News Headlines

SS&C Announces $1 Billion Stock Repurchase Program
SS&C Technologies (NASDAQ:SSNC) PT Lowered to $82.00
SS&C Technologies Releases Q2 2022 Earnings Results
SS&C to Release Second Quarter 2022 Earnings
SS&C Completes Acquisition of O'Shares ETFs
Secfi Chooses SS&C to Administer Financing Fund
SSNC SS&C Technologies Holdings, Inc.
See More Headlines
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SSNC Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
8/11/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SSNC
CUSIP
78467J10
Employees
24,900
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$79.50
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+27.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$800 million
Pretax Margin
17.85%

Debt

Sales & Book Value

Annual Sales
$5.05 billion
Cash Flow
$7.73 per share
Book Value
$23.97 per share

Miscellaneous

Free Float
217,792,000
Market Cap
$15.89 billion
Optionable
Optionable
Beta
1.47

Key Executives

  • Mr. William C. Stone (Age 67)
    Founder, Chairman & CEO
    Comp: $8.88M
  • Mr. Rahul Kanwar (Age 47)
    Pres & COO
    Comp: $8.08M
  • Mr. Patrick J. Pedonti (Age 70)
    Sr. VP, CFO & Treasurer
    Comp: $2.61M
  • Mr. Jason Douglas White (Age 52)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $2.58M
  • Mr. Anthony Caiafa
    Chief Technology Officer
  • Ms. Justine Stone
    Head of Investor Relations
  • Mr. Eamonn Greaves
    Global Head of Sales
  • Ms. Darpan Bhargava
    Sr. VP & Global Head of HR
  • Ms. Christy Bremner
    Sr. VP of SS&C Institutional & Investment Management
  • Mr. Thomas McMackin
    Sr. VP & GM













SSNC Stock - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SS&C Technologies in the last twelve months. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSNC shares.
View SSNC analyst ratings
or view top-rated stocks.

What is SS&C Technologies' stock price forecast for 2022?

9 brokers have issued twelve-month price objectives for SS&C Technologies' shares. Their SSNC share price forecasts range from $65.00 to $95.00. On average, they predict the company's share price to reach $79.50 in the next year. This suggests a possible upside of 26.4% 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 2022?

SS&C Technologies' stock was trading at $81.98 at the start of the year. Since then, SSNC stock has decreased by 23.3% and is now trading at $62.91.
View the best growth stocks for 2022 here
.

Are investors shorting SS&C Technologies?

SS&C Technologies saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,490,000 shares, an increase of 18.3% from the July 15th total of 2,950,000 shares. Based on an average trading volume of 1,580,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the shares of the stock are sold short.
View SS&C Technologies' Short Interest
.

When is SS&C Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SSNC earnings forecast
.

How were SS&C Technologies' earnings last quarter?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) released its quarterly earnings data on Thursday, October, 28th. The technology company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.12. The technology company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. SS&C Technologies had a trailing twelve-month return on equity of 19.61% and a net margin of 13.85%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share.

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 Thursday, May 12th. Shareholders of record on Wednesday, June 1st will be given a dividend of $0.20 per share on Wednesday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for SSNC
.

Is SS&C Technologies a good dividend stock?

SS&C Technologies (NASDAQ:SSNC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.32%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSNC will have a dividend payout ratio of 17.02% 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 issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.15-$1.21 for the period, compared to the consensus earnings per share estimate of $1.31. The company issued revenue guidance of $1.32 billion-$1.36 billion, compared to the consensus revenue estimate of $1.37 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).

What is SS&C Technologies' stock symbol?

SS&C Technologies trades on the NASDAQ under the ticker symbol "SSNC."

Who are SS&C Technologies' major shareholders?

SS&C Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (3.50%), Burgundy Asset Management Ltd. (1.65%), Cantillon Capital Management LLC (1.44%), Oldfield Partners LLP (0.49%), Anchor Capital Advisors LLC (0.41%) and Kovitz Investment Group Partners LLC (0.40%). Insiders that own company stock include Jonathan E Michael, Joseph J Frank, Michael E Daniels, Normand A Boulanger, Patrick J Pedonti, Smita Conjeevaram 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SS&C Technologies' stock price today?

One share of SSNC stock can currently be purchased for approximately $62.91.

How much money does SS&C Technologies make?

SS&C Technologies (NASDAQ:SSNC) has a market capitalization of $16.04 billion and generates $5.05 billion in revenue each year. The technology company earns $800 million in net income (profit) each year or $2.69 on an earnings per share basis.

How many employees does SS&C Technologies have?

The company employs 24,900 workers across the globe.

Does SS&C Technologies have any subsidiaries?

The following companies are subsidiares of SS&C Technologies: DST Systems, Eze Software Group, and Intralinks Holdings.
Read More

When was SS&C Technologies founded?

SS&C Technologies was founded in 1986.

How can I contact SS&C Technologies?

SS&C Technologies' mailing address is 80 LAMBERTON RD, WINDSOR CT, 06095. The official website for the company is www.ssctech.com. The technology company can be reached via phone at (860) 298-4500, via email at investorrelations@sscinc.com, or via fax at 860-298-4987.

This page (NASDAQ:SSNC) was last updated on 8/11/2022 by MarketBeat.com Staff

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