SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Plans Quarterly Dividend of $0.25

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.25 per share by the technology company on Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd.

SS&C Technologies has increased its dividend by an average of 18.4% per year over the last three years. SS&C Technologies has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SS&C Technologies to earn $5.27 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.0%.

SS&C Technologies Trading Down 0.0 %

NASDAQ:SSNC opened at $77.34 on Friday. The stock’s 50 day moving average price is $74.26 and its 200 day moving average price is $69.82. The company has a market capitalization of $19.16 billion, a PE ratio of 27.72 and a beta of 1.39. SS&C Technologies has a 52-week low of $55.63 and a 52-week high of $77.69. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that SS&C Technologies will post 4.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SSNC shares. Raymond James increased their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average price target of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. Company insiders own 15.40% of the company’s stock.

About SS&C Technologies

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.