Equities research analysts expect that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will announce sales of $1.15 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for SS&C Technologies’ earnings. The lowest sales estimate is $1.15 billion and the highest is $1.16 billion. SS&C Technologies posted sales of $895.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.4%. The company is scheduled to issue its next earnings report on Thursday, August 1st.
On average, analysts expect that SS&C Technologies will report full-year sales of $4.71 billion for the current year, with estimates ranging from $4.69 billion to $4.74 billion. For the next financial year, analysts expect that the firm will report sales of $4.90 billion, with estimates ranging from $4.85 billion to $5.01 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for SS&C Technologies.
SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 164.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share.
Shares of NASDAQ:SSNC traded up $0.38 during midday trading on Monday, hitting $56.82. 684,156 shares of the company’s stock were exchanged, compared to its average volume of 1,643,887. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $14.38 billion, a PE ratio of 21.69, a PEG ratio of 1.69 and a beta of 1.22. SS&C Technologies has a 12 month low of $40.96 and a 12 month high of $67.73.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, May 31st. SS&C Technologies’s payout ratio is 15.27%.
In other SS&C Technologies news, SVP Joseph J. Frank sold 10,141 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $59.89, for a total value of $607,344.49. Following the transaction, the senior vice president now directly owns 9,910 shares in the company, valued at $593,509.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow bought 17,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the completion of the purchase, the director now owns 38,000 shares of the company’s stock, valued at $2,270,880. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,159 shares of company stock worth $1,025,569. Corporate insiders own 14.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Norges Bank purchased a new position in SS&C Technologies in the fourth quarter valued at about $108,590,000. Maverick Capital Ltd. purchased a new position in SS&C Technologies in the first quarter valued at about $141,959,000. Swedbank purchased a new position in SS&C Technologies in the first quarter valued at about $109,590,000. FMR LLC boosted its stake in SS&C Technologies by 33.3% in the first quarter. FMR LLC now owns 6,744,444 shares of the technology company’s stock valued at $429,553,000 after acquiring an additional 1,686,693 shares during the last quarter. Finally, Findlay Park Partners LLP purchased a new position in SS&C Technologies in the first quarter valued at about $74,597,000. Hedge funds and other institutional investors own 85.32% of the company’s stock.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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