SS&C Technologies Holdings, Inc. (SSNC) to Issue Quarterly Dividend of $0.25 on September 16th

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.25 per share by the technology company on Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, September 3rd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.24.

SS&C Technologies has increased its dividend payment by an average of 18.4% per year over the last three years. SS&C Technologies has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SS&C Technologies to earn $5.28 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 18.2%.

SS&C Technologies Price Performance

SSNC stock opened at $73.40 on Friday. SS&C Technologies has a 1 year low of $46.61 and a 1 year high of $73.97. The firm has a market capitalization of $18.01 billion, a PE ratio of 29.24 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $67.04 and a 200-day simple moving average of $64.04.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that SS&C Technologies will post 4.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SSNC shares. Jefferies Financial Group raised their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Needham & Company LLC lifted their target price on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, July 26th. DA Davidson upped their price target on SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the sale, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the transaction, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total value of $30,143,454.70. Following the completion of the sale, the chief operating officer now owns 57,642 shares in the company, valued at $4,215,359.46. The disclosure for this sale can be found here. Insiders sold 468,190 shares of company stock worth $34,031,675 in the last three months. 15.40% of the stock is owned by company insiders.

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.