SS&C Technologies (NASDAQ:SSNC) Issues Q2 Earnings Guidance

SS&C Technologies (NASDAQ:SSNC) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.16-1.22 for the period, compared to the consensus EPS estimate of $1.21. The company issued revenue guidance of $1.412-1.452, compared to the consensus revenue estimate of $1.43 billion. SS&C Technologies also updated its FY 2024 guidance to 4.930-5.170 EPS.

SS&C Technologies Trading Down 0.1 %

NASDAQ SSNC traded down $0.07 on Friday, reaching $61.24. The company had a trading volume of 1,583,612 shares, compared to its average volume of 961,173. The stock’s 50 day moving average is $62.78 and its 200-day moving average is $59.15. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 24.40 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52 week low of $46.61 and a 52 week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. Equities analysts predict that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s payout ratio is 38.25%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson reissued a buy rating and issued a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. TheStreet raised SS&C Technologies from a c+ rating to a b rating in a research note on Friday, February 23rd. Royal Bank of Canada boosted their target price on SS&C Technologies from $65.00 to $72.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Truist Financial boosted their target price on SS&C Technologies from $55.00 to $60.00 and gave the company a hold rating in a research note on Wednesday, February 14th. Finally, Citigroup upped their price objective on SS&C Technologies from $70.00 to $71.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $71.22.

SS&C Technologies Company Profile

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.