Zacks: Brokerages Expect SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) Will Announce Quarterly Sales of $ 1.34 Billion


Brokerages predict that SS&C Technologies Holdings, Inc. (NASDAQ: SSNCGet Rating) will announce sales of $ 1.34 billion for the current quarter, Zacks reports. Five analysts have issued estimates for SS&C Technologies’ earnings, with the highest sales estimate coming in at $ 1.35 billion and the lowest estimate coming in at $ 1.29 billion. SS&C Technologies posted sales of $ 1.26 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that SS&C Technologies will report full year sales of $ 5.38 billion for the current fiscal year, with estimates ranging from $ 5.21 billion to $ 5.43 billion. For the next fiscal year, analysts forecast that the firm will report sales of $ 5.71 billion, with estimates ranging from $ 5.43 billion to $ 5.92 billion. Zacks’ sales calculations are an average based on a survey of research analysts that provide coverage for SS&C Technologies.

SS&C Technologies (NASDAQ: SSNCGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The technology company reported $ 1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 1.17 by ($ 0.04). The firm had revenue of $ 1.30 billion for the quarter, compared to the consensus estimate of $ 1.29 billion. SS&C Technologies had a net margin of 15.59% and a return on equity of 20.78%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $ 1.10 earnings per share.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered SS&C Technologies from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Raymond James reduced their target price on SS&C Technologies from $ 95.00 to $ 93.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 5th. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 29th. Finally, Morgan Stanley increased their target price on SS&C Technologies from $ 80.00 to $ 82.00 and gave the company an “equal weight” rating in a report on Friday, February 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $ 91.89.

A number of institutional investors have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $ 28,000. JFS Wealth Advisors LLC grew its position in SS&C Technologies by 723.8% during the first quarter. JFS Wealth Advisors LLC now owns 346 shares of the company’s technology stock worth $ 26,000 after buying an additional 304 shares in the last quarter. KB Financial Partners LLC acquired a new stake in SS&C Technologies during the fourth quarter worth about $ 30,000. Standard Family Office LLC acquired a new stake in SS&C Technologies during the fourth quarter worth about $ 30,000. Finally, Raleigh Capital Management Inc. acquired a new stake in SS&C Technologies during the fourth quarter worth about $ 33,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SSNC opened at $ 64.76 on Monday. The stock has a fifty day moving average price of $ 68.53 and a two-hundred day moving average price of $ 75.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $ 16.50 billion, a P / E ratio of 21.73 and a beta of 1.56. SS&C Technologies has a 1 year low of $ 58.31 and a 1 year high of $ 84.85.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a dividend of $ 0.20 per share. This represents a $ 0.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 31st. SS&C Technologies’s payout ratio is 26.85%.

SS&C Technologies Company Profile (Get Rating)

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.

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Earnings History and Estimates for SS&C Technologies (NASDAQ: SSNC)



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