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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.25 per share by the technology company on Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd.

SS&C Technologies has raised its dividend by an average of 13.0% per year over the last three years. SS&C Technologies has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SS&C Technologies to earn $5.83 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 17.2%.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $0.42 during trading on Tuesday, reaching $89.08. The company’s stock had a trading volume of 1,710,763 shares, compared to its average volume of 1,430,708. The business has a 50 day moving average price of $79.08 and a 200-day moving average price of $75.75. The company has a market capitalization of $22.06 billion, a P/E ratio of 29.69 and a beta of 1.38. SS&C Technologies has a 12-month low of $59.63 and a 12-month high of $89.25. 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 issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, sell-side analysts anticipate that SS&C Technologies will post 5.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. DA Davidson boosted their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $97.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the business’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 owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by insiders.

About SS&C Technologies

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.