SS&C Technologies (NASDAQ:SSNC) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS
SS&C Technologies (NASDAQ:SSNC) announced its earnings results on Tuesday. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.14, MarketWatch Earnings reports. SS&C Technologies had a return on equity of 20.41% and a net margin of 10.85%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.91 EPS. SS&C Technologies’s revenue for the quarter was down 1.3% compared to the same quarter last year.
Shares of NASDAQ:SSNC opened at $57.65 on Friday. SS&C Technologies has a 52-week low of $29.51 and a 52-week high of $66.74. The firm has a fifty day moving average of $56.70 and a 200 day moving average of $55.57. The firm has a market capitalization of $14.91 billion, a PE ratio of 15.07 and a beta of 1.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.06 and a current ratio of 1.06.
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on SS&C Technologies from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James lifted their price objective on SS&C Technologies from $63.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Morgan Stanley lowered their price objective on SS&C Technologies from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $68.00 price objective on shares of SS&C Technologies in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. SS&C Technologies has a consensus rating of “Buy” and an average price target of $66.75.
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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