Analysts Set Expectations for SS&C Technologies Holdings, Inc.’s Q1 2023 Earnings (NASDAQ:SSNC)

SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) – William Blair issued their Q1 2023 earnings per share (EPS) estimates for shares of SS&C Technologies in a report issued on Thursday, July 28th. William Blair analyst J. Schmitt forecasts that the technology company will post earnings of $1.17 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for SS&C Technologies’ current full-year earnings is $4.60 per share. William Blair also issued estimates for SS&C Technologies’ Q2 2023 earnings at $1.15 EPS, Q3 2023 earnings at $1.20 EPS and Q4 2023 earnings at $1.26 EPS.

Several other brokerages have also commented on SSNC. Citigroup cut their target price on SS&C Technologies from $86.00 to $75.00 in a research report on Tuesday, July 26th. UBS Group cut their target price on SS&C Technologies from $85.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada restated a “maintains” rating on shares of SS&C Technologies in a research report on Thursday. Needham & Company LLC cut their target price on SS&C Technologies from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley cut their target price on SS&C Technologies from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.00.

SS&C Technologies Trading Up 2.7 %

NASDAQ SSNC opened at $59.17 on Monday. The business’s 50-day moving average price is $60.31 and its two-hundred day moving average price is $68.80. SS&C Technologies has a 12 month low of $54.59 and a 12 month high of $84.85. The firm has a market capitalization of $15.08 billion, a PE ratio of 19.86 and a beta of 1.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.18.

SS&C Technologies (NASDAQ:SSNCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The technology company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). SS&C Technologies had a net margin of 15.59% and a return on equity of 20.78%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis.

Institutional Trading of SS&C Technologies

Several institutional investors and hedge funds have recently modified their holdings of SSNC. National Bank of Canada FI purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $59,000. Van ECK Associates Corp raised its stake in shares of SS&C Technologies by 91.7% in the fourth quarter. Van ECK Associates Corp now owns 2,180 shares of the technology company’s stock worth $179,000 after purchasing an additional 1,043 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of SS&C Technologies by 220.3% in the fourth quarter. State of Michigan Retirement System now owns 10,570 shares of the technology company’s stock worth $867,000 after purchasing an additional 7,270 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $21,749,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of SS&C Technologies by 19.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,851 shares of the technology company’s stock worth $561,000 after purchasing an additional 1,132 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, May 31st. SS&C Technologies’s dividend payout ratio (DPR) is currently 26.85%.

About SS&C Technologies

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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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

See Also

Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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