SS&C Technologies (NASDAQ:SSNC) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

SS&C Technologies (NASDAQ:SSNC) posted its quarterly earnings results on Thursday. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09, Zacks reports. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. SS&C Technologies updated its FY 2025 guidance to 5.640-5.960 EPS and its Q1 2025 guidance to 1.370-1.430 EPS.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $81.80 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $20.26 billion, a PE ratio of 29.32 and a beta of 1.38. The company has a 50-day simple moving average of $77.51 and a 200-day simple moving average of $74.84. SS&C Technologies has a 12 month low of $59.53 and a 12 month high of $82.40.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SSNC shares. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. UBS Group raised their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday. DA Davidson restated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James lifted their price target on shares of 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. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a research note on Monday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.88.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.