Equities analysts expect SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to announce sales of $1.00 billion for the current quarter, according to Zacks. Five analysts have made estimates for SS&C Technologies’ earnings, with the lowest sales estimate coming in at $993.39 million and the highest estimate coming in at $1.01 billion. SS&C Technologies posted sales of $418.25 million in the same quarter last year, which suggests a positive year over year growth rate of 139.1%. The business is expected to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that SS&C Technologies will report full year sales of $3.37 billion for the current financial year, with estimates ranging from $3.34 billion to $3.39 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.14 billion per share, with estimates ranging from $4.09 billion to $4.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover SS&C Technologies.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.07. SS&C Technologies had a return on equity of 14.43% and a net margin of 9.99%. The business had revenue of $908.50 million during the quarter, compared to analyst estimates of $903.63 million. During the same period in the prior year, the company earned $0.46 earnings per share. SS&C Technologies’s revenue was up 121.0% compared to the same quarter last year.

SSNC has been the subject of a number of analyst reports. Citigroup initiated coverage on SS&C Technologies in a report on Tuesday, June 12th. They issued a “buy” rating and a $62.00 price target for the company. ValuEngine lowered SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Morgan Stanley set a $60.00 price objective on SS&C Technologies and gave the company a “buy” rating in a research note on Friday, April 27th. BidaskClub raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 30th. Finally, Sandler O’Neill reissued a “buy” rating and set a $62.00 price objective on shares of SS&C Technologies in a research note on Monday, July 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. SS&C Technologies presently has a consensus rating of “Buy” and an average target price of $60.91.

Shares of SS&C Technologies stock traded up $0.62 during trading hours on Thursday, reaching $55.85. The company had a trading volume of 495,053 shares, compared to its average volume of 1,597,292. SS&C Technologies has a one year low of $36.77 and a one year high of $60.97. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $13.21 billion, a P/E ratio of 31.20, a PEG ratio of 1.81 and a beta of 1.14.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. First Personal Financial Services raised its position in SS&C Technologies by 1,543.1% during the first quarter. First Personal Financial Services now owns 1,906 shares of the technology company’s stock valued at $102,000 after purchasing an additional 1,790 shares in the last quarter. Squar Milner Financial Services LLC purchased a new stake in SS&C Technologies during the second quarter valued at about $108,000. Summit Trail Advisors LLC increased its holdings in shares of SS&C Technologies by 17,584.8% in the first quarter. Summit Trail Advisors LLC now owns 122,556 shares of the technology company’s stock worth $123,000 after buying an additional 121,863 shares during the period. CENTRAL TRUST Co increased its holdings in shares of SS&C Technologies by 3,755.1% in the second quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock worth $196,000 after buying an additional 3,680 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of SS&C Technologies in the first quarter worth about $200,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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