SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) declared a quarterly dividend on Monday, August 17th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.30 per share by the technology company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 11.1% increase from SS&C Technologies’s previous quarterly dividend of $0.27.
SS&C Technologies has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 9 years. SS&C Technologies has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SS&C Technologies to earn $6.96 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 17.2%.
SS&C Technologies Price Performance
Shares of SSNC opened at $83.42 on Friday. SS&C Technologies has a fifty-two week low of $61.40 and a fifty-two week high of $90.26. The firm’s 50 day moving average price is $73.49 and its 200 day moving average price is $71.04. The company has a market cap of $19.57 billion, a P/E ratio of 23.97 and a beta of 1.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $99.00 price target on shares of SS&C Technologies in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $91.25.
Get Our Latest Stock Analysis on SSNC
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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