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NASDAQ:SSNC

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

$61.50
+0.01 (+0.02%)
(As of 08/18/2022 12:02 PM ET)
Add
Compare
Today's Range
$60.97
$61.53
50-Day Range
$55.22
$62.79
52-Week Range
$54.59
$84.85
Volume
21,338 shs
Average Volume
1.58 million shs
Market Capitalization
$15.68 billion
P/E Ratio
22.86
Dividend Yield
1.28%
Price Target
$79.50

SS&C Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.2% 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
0.44mentions of SS&C Technologies in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.94 M Sold Last Quarter
Proj. Earnings Growth
8.08%
From $4.33 to $4.68 Per Share

Overall MarketRank

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

3.40 out of 5 stars

Computer And Technology Sector

6th out of 667 stocks

Prepackaged Software Industry

1st out of 233 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 Trading Down 1.6 %

Shares of NASDAQ:SSNC traded down $1.01 during midday trading on Wednesday, hitting $61.49. 1,182,517 shares of the stock were exchanged, compared to its average volume of 1,395,363. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 22.86 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.11 and a current ratio of 1.11. The business's 50-day moving average price is $59.67 and its 200 day moving average price is $67.28. SS&C Technologies has a 12 month low of $54.59 and a 12 month high of $84.85.

Analysts Set New Price Targets

A number of research analysts recently commented on SSNC shares. DA Davidson dropped their price target on SS&C Technologies from $92.00 to $82.00 in a research note on Thursday, July 28th. Needham & Company LLC dropped their price target on SS&C Technologies from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, July 28th. Morgan Stanley dropped their price target on SS&C Technologies from $75.00 to $65.00 and set an "equal weight" rating for the company in a research note on Thursday, July 28th. UBS Group dropped their price target on SS&C Technologies from $85.00 to $77.00 and set a "buy" rating for the company in a research note on Thursday, July 28th. Finally, Citigroup dropped their price target on SS&C Technologies from $86.00 to $75.00 in a research note on Tuesday, July 26th. 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, the company has an average rating of "Buy" and an average price target of $79.50.

Insider Transactions at SS&C Technologies

In other news, COO Rahul Kanwar sold 46,700 shares of the business's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $63.06, for a total transaction of $2,944,902.00. Following the sale, the chief operating officer now directly owns 50,000 shares in the company, valued at $3,153,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 14.90% of the company's stock.

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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
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
8/18/2022
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
+29.3%
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
$7.39 per share
Book Value
$23.97 per share

Miscellaneous

Free Float
217,792,000
Market Cap
$15.68 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 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 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 Wall Street analysts have issued 1 year target prices for SS&C Technologies' stock. Their SSNC share price forecasts range from $65.00 to $95.00. On average, they expect the company's share price to reach $79.50 in the next year. This suggests a possible upside of 29.3% 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 2022?

SS&C Technologies' stock was trading at $81.98 on January 1st, 2022. Since then, SSNC stock has decreased by 25.0% and is now trading at $61.49.
View the best growth stocks for 2022 here
.

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) announced its earnings results on Thursday, October, 28th. The technology company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.12. The technology company earned $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. SS&C Technologies had a net margin of 13.85% and a trailing twelve-month return on equity of 19.61%. SS&C Technologies's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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 dividend on an annualized basis and a yield of 1.30%. 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 1.28%. 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 17.09% 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 third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided 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 a number of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (3.50%), FMR LLC (2.55%), State Street Corp (2.01%), Burgundy Asset Management Ltd. (1.65%), Cantillon Capital Management LLC (1.44%) and Price T Rowe Associates Inc. MD (1.30%). Insiders that own company stock include Jonathan E Michael, Joseph J Frank, Michael E Daniels, Normand A Boulanger, Patrick J Pedonti, Rahul Kanwar, 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 $61.49.

How much money does SS&C Technologies make?

SS&C Technologies (NASDAQ:SSNC) has a market capitalization of $15.68 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 8/18/2022 by MarketBeat.com Staff

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